SolarWinds Corp (SWI)

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 794,845 789,734 779,300 771,084 763,326 752,646 742,451 733,451 724,655 716,477 718,352 719,106 718,632 717,464 721,011 716,888 716,770 778,716 834,388 890,471
Property, plant and equipment US$ in thousands 15,978 17,210 18,852 18,641 19,669 20,387 21,114 23,447 26,634 26,987 27,659 27,974 29,722 35,211 66,153 58,507 39,059 48,167 43,497 41,554
Fixed asset turnover 49.75 45.89 41.34 41.36 38.81 36.92 35.16 31.28 27.21 26.55 25.97 25.71 24.18 20.38 10.90 12.25 18.35 16.17 19.18 21.43

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $794,845K ÷ $15,978K
= 49.75

SolarWinds Corp's fixed asset turnover has shown a generally increasing trend over the data period, starting at 21.43 in March 2020 and reaching 49.75 in December 2024. This indicates that the company's ability to generate revenue from its fixed assets has been improving over time. It suggests that SolarWinds Corp is becoming more efficient in utilizing its fixed assets to generate sales. An increasing fixed asset turnover ratio reflects better asset utilization, which can be a positive sign of operational efficiency and potential profitability for the company.