Liveramp Holdings Inc (RAMP)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	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	380,487	353,102	330,906	305,575
Property, plant and equipment	US$ in thousands	8,181	8,202	5,574	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	20,382	21,162	24,607
Fixed asset turnover		80.63	77.60	111.44	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	19.69	17.32	15.64	12.42

March 31, 2024 calculation

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

Liveramp Holdings Inc's fixed asset turnover has shown a fluctuating trend over the past few quarters. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar of investment in fixed assets.

Looking at the data provided, there seems to be an overall increasing trend in fixed asset turnover from 12.42 in December 2019 to 80.63 in March 2024. This indicates that Liveramp Holdings Inc has been utilizing its fixed assets more efficiently and generating more revenue from these assets over time.

However, the ratio does show some fluctuations quarter by quarter, indicating potential variations in the company's operational efficiency or changes in its asset base. It is important to further investigate the factors contributing to these fluctuations to better understand the company's performance and sustainability in the long term.