SPS Commerce Inc (SPSC)
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 | 637,765 | 611,823 | 583,798 | 560,618 | 536,910 | 513,963 | 492,788 | 471,550 | 450,875 | 431,613 | 415,014 | 400,375 | 385,276 | 365,828 | 347,498 | 328,532 | 312,630 | 302,055 | 293,426 | 286,382 |
| Property, plant and equipment | US$ in thousands | 37,547 | 36,148 | 35,083 | 34,971 | 36,043 | 36,209 | 35,211 | 35,078 | 35,458 | 32,923 | 32,000 | 32,261 | 31,901 | 31,036 | 29,046 | 26,606 | 26,432 | 25,053 | 25,510 | 24,035 |
| Fixed asset turnover | 16.99 | 16.93 | 16.64 | 16.03 | 14.90 | 14.19 | 14.00 | 13.44 | 12.72 | 13.11 | 12.97 | 12.41 | 12.08 | 11.79 | 11.96 | 12.35 | 11.83 | 12.06 | 11.50 | 11.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $637,765K ÷ $37,547K
= 16.99
SPS Commerce Inc's fixed asset turnover ratio has shown a consistent upward trend over the years, starting at 11.92 in March 2020 and reaching 16.99 by December 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio is generally considered favorable as it signifies greater efficiency in utilizing fixed assets to generate sales. SPS Commerce Inc's increasing ratio suggests effective management of its fixed assets to drive revenue growth and improve overall operational performance.
Peer comparison
Dec 31, 2024