Simulations Plus Inc (SLP)

Fixed asset turnover

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Revenue (ttm)	US$ in thousands	72,188	68,509	64,668	62,113	59,577	55,682	54,407	53,453	53,906	52,013	49,831	48,182	46,466	46,165	45,686	42,889	41,589	40,075	37,714	35,836
Property, plant and equipment	US$ in thousands	812	882	843	487	671	701	822	682	632	607	634	2,339	1,838	1,260	924	596	438	357	335	335
Fixed asset turnover		88.90	77.67	76.71	127.54	88.79	79.43	66.19	78.38	85.29	85.69	78.60	20.60	25.28	36.64	49.44	71.96	94.95	112.25	112.58	106.97

August 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $72,188K ÷ $812K
= 88.90

The fixed asset turnover ratio for Simulations Plus Inc has varied over the past few years. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.

In the most recent periods, the company's fixed asset turnover has been relatively high, ranging from 76.71 to 88.90. This suggests that Simulations Plus Inc is generating a significant amount of revenue relative to its investment in fixed assets.

Looking at historical data, the fixed asset turnover ratio has fluctuated, with some periods showing lower ratios, such as in November 2021 and February 2022. However, the ratio has generally trended upwards over time, indicating improved efficiency in asset utilization.

Overall, the trend in fixed asset turnover for Simulations Plus Inc suggests that the company has been effectively managing its fixed assets to drive revenue growth and maximize returns. It is important for the company to continue monitoring and optimizing its asset utilization to sustain its efficiency in the long term.