SolarWinds Corp (SWI)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	932,525	906,211
Property, plant and equipment	US$ in thousands	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	38,945	35,694
Fixed asset turnover		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	23.94	25.39

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $779,300K ÷ $18,852K
= 41.34

The fixed asset turnover ratio for SolarWinds Corp has exhibited a general increasing trend over the past few quarters, indicating that the company has been able to generate more revenue from its fixed assets. The ratio ranged from 10.90 to 41.36 over the last 20 quarters.

A higher fixed asset turnover ratio suggests that the company is using its fixed assets efficiently to generate sales. SolarWinds Corp's ratios ranging from the mid-twenties to early forties indicate that the company has been effectively utilizing its fixed assets to generate revenue.

Overall, the consistent upward trend in the fixed asset turnover ratio reflects positively on SolarWinds Corp's operational efficiency and management of its fixed assets over the analyzed period.