Liveramp Holdings Inc (RAMP)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	728,708	707,165	681,553	659,661	636,435	621,181	608,409	596,583	589,682	571,671	551,862	528,657	506,107	485,256	462,627	443,026	429,552	412,016	397,498	380,572
Property, plant and equipment	US$ in thousands	—	—	—	—	—	32,563	6,055	7,085	8,809	11,041	13,044	11,531	10,586	10,298	10,623	11,957	13,521	15,222	17,108	19,321
Fixed asset turnover		—	—	—	—	—	19.08	100.48	84.20	66.94	51.78	42.31	45.85	47.81	47.12	43.55	37.05	31.77	27.07	23.23	19.70

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $728,708K ÷ $—K
= —

Liveramp Holdings Inc has shown a consistently increasing trend in its fixed asset turnover ratio over the past few years. The fixed asset turnover ratio measures the efficiency of the company in generating sales revenue from its fixed assets.

The ratio has increased from 19.70 in March 2020 to 100.48 in June 2023, indicating that the company has been utilizing its fixed assets more effectively to generate revenue. However, there was a significant decrease in the ratio to 19.08 in September 2023, which can be a point of concern and warrants further investigation.

The subsequent periods show an upward trend again, with the ratio increasing to 66.94 in December 2022 and peaking at 100.48 in June 2023. The ratio then dropped back to 19.08 in September 2023 before missing data points for the following periods.

Overall, the trend in Liveramp Holdings Inc's fixed asset turnover ratio suggests that the company has been successful in efficiently utilizing its fixed assets to generate revenue, although there are fluctuations that may require closer scrutiny to understand the underlying reasons behind these variations.