Schrodinger Inc (SDGR)

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	207,539	193,348	200,627	188,482	216,666	199,383	193,794	197,074	180,955	170,282	163,152	154,467	137,931	124,793	120,740	114,048	108,095	100,895	95,058	90,976
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	20,353	16,493	120,226	13,755	11,524	11,120	10,025	85,533	14,451	4,799	5,140	15,879	17,755	19,729
Fixed asset turnover		—	—	—	—	—	—	9.52	11.95	1.51	12.38	14.16	13.89	13.76	1.46	8.36	23.76	21.03	6.35	5.35	4.61

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $207,539K ÷ $—K
= —

Schrodinger Inc's fixed asset turnover has displayed varying trends over the reporting periods. The ratio started at 4.61 in March 2020 and showed a consistent increase, reaching its peak at 23.76 in March 2021. This indicates that Schrodinger was generating $23.76 in revenue for every dollar invested in fixed assets during that period.

However, the fixed asset turnover ratio experienced a significant decline in the following quarters, dropping to 1.46 in September 2021 and further fluctuating between 1.51 and 14.16 up to June 2022. This fluctuation suggests potential inefficiencies in asset utilization or changes in the business operations impacting revenue generation relative to fixed assets.

From September 2022 onwards, the fixed asset turnover ratio stabilized between 11.95 and 12.38, indicating a more consistent level of revenue generation per dollar of fixed asset investment. The absence of data for the later periods makes it challenging to assess the trend further.

Overall, the analysis of Schrodinger Inc's fixed asset turnover ratio highlights both periods of strong asset utilization efficiency and fluctuations that may warrant a closer examination of the company's operational performance and investment strategies.