Shutterstock (SSTK)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 875,466 | 826,488 | 770,112 | 669,753 | 651,063 |
| Property, plant and equipment | US$ in thousands | 64,300 | 54,548 | 48,074 | 50,906 | 58,834 |
| Fixed asset turnover | 13.62 | 15.15 | 16.02 | 13.16 | 11.07 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $875,466K ÷ $64,300K
= 13.62
The fixed asset turnover for Shutterstock Inc has exhibited a fluctuating trend over the past five years. In 2023, the fixed asset turnover ratio decreased to 13.60 from a high of 16.09 in 2021. This suggests that the company generated $13.60 in revenue for every dollar invested in fixed assets in 2023. Despite the decrease, the ratio remains relatively high, indicating efficient utilization of fixed assets to generate sales. Overall, the company has demonstrated a consistent ability to generate revenue from its fixed assets, albeit with some fluctuations in recent years.
Peer comparison
Dec 31, 2023