SPS Commerce Inc (SPSC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 637,765 | 536,910 | 450,875 | 385,276 | 312,630 |
| Property, plant and equipment | US$ in thousands | 37,547 | 36,043 | 35,458 | 31,901 | 26,432 |
| Fixed asset turnover | 16.99 | 14.90 | 12.72 | 12.08 | 11.83 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $637,765K ÷ $37,547K
= 16.99
The fixed asset turnover ratio for SPS Commerce Inc has shown a consistent upward trend over the past five years, reflecting the company's ability to generate revenue from its fixed assets efficiently. The ratio increased from 11.83 in 2020 to 16.99 in 2024, indicating that SPS Commerce Inc has been able to generate $16.99 in sales for every dollar invested in fixed assets at the end of 2024. This improvement suggests that the company has been effectively utilizing its fixed assets to drive sales and improve operational performance. Overall, the increasing trend in the fixed asset turnover ratio for SPS Commerce Inc demonstrates the company's strong operational efficiency and effective management of its fixed asset investments.
Peer comparison
Dec 31, 2024