Qualys Inc (QLYS)
Fixed asset turnover
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 554,458 | 540,737 | 524,302 | 506,986 | 489,723 | 468,654 | 448,027 | 427,836 | 411,172 | 396,193 | 384,328 | 373,456 | 362,963 | 352,826 | 342,428 | 332,527 | 321,607 | 311,143 | 300,130 | 289,354 |
Property, plant and equipment | US$ in thousands | 32,599 | 36,160 | 40,350 | 45,161 | 47,428 | 53,935 | 57,830 | 63,377 | 61,854 | 63,257 | 65,959 | 64,143 | 64,850 | 67,574 | 63,098 | 64,850 | 60,579 | 58,705 | 59,359 | 60,486 |
Fixed asset turnover | 17.01 | 14.95 | 12.99 | 11.23 | 10.33 | 8.69 | 7.75 | 6.75 | 6.65 | 6.26 | 5.83 | 5.82 | 5.60 | 5.22 | 5.43 | 5.13 | 5.31 | 5.30 | 5.06 | 4.78 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $554,458K ÷ $32,599K
= 17.01
Qualys Inc's fixed asset turnover has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The fixed asset turnover ratio has increased from 6.75 in Q1 2022 to 17.01 in Q4 2023, reflecting a significant enhancement in the company's utilization of its fixed assets to generate sales. This improvement suggests that Qualys Inc has been more effective in managing and utilizing its fixed assets to drive revenue growth. Overall, the increasing trend in fixed asset turnover is a positive indication of the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023