Liveramp Holdings Inc (RAMP)

Fixed asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	659,661	596,583	528,657	443,026	380,572
Property, plant and equipment	US$ in thousands	8,181	7,085	11,531	11,957	19,321
Fixed asset turnover		80.63	84.20	45.85	37.05	19.70

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $659,661K ÷ $8,181K
= 80.63

Liveramp Holdings Inc's fixed asset turnover has been fluctuating over the past five years. The ratio increased from 19.70 in 2020 to 45.85 in 2022, showing improved efficiency in generating revenue from fixed assets. However, in 2023 and 2024, the fixed asset turnover further increased to 84.20 and 80.63 respectively, indicating the company's ability to generate even more revenue per dollar invested in fixed assets.

The high fixed asset turnover ratios suggest that Liveramp Holdings Inc is effectively utilizing its fixed assets to generate sales. Generally, a higher fixed asset turnover ratio indicates better operational efficiency and asset utilization. Liveramp's increasing trend in fixed asset turnover reflects efficiency in managing and utilizing its fixed assets to drive revenue growth over the years.