Twilio Inc (TWLO)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,729,370 | 4,583,450 | 4,458,040 | 4,339,150 | 4,239,170 | 4,194,430 | 4,153,940 | 4,102,560 | 4,051,920 | 3,957,514 | 3,826,317 | 3,644,491 | 3,401,637 | 3,127,214 | 2,841,839 | 2,547,185 | 2,254,978 | 1,986,896 | 1,761,776 | 1,544,910 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 301,383 | 321,585 | — | 385,320 | 391,429 | 478,231 | 484,954 | 489,900 | 485,823 | 439,803 | 437,213 | 441,849 | 366,007 |
| Fixed asset turnover | — | — | — | — | — | — | — | 13.61 | 12.60 | — | 9.93 | 9.31 | 7.11 | 6.45 | 5.80 | 5.24 | 5.13 | 4.54 | 3.99 | 4.22 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,729,370K ÷ $—K
= —
The analysis of Twilio Inc.'s fixed asset turnover ratio over the reported periods reveals a general trend of increasing efficiency in utilizing fixed assets to generate revenue. Starting from a ratio of 4.22 as of September 30, 2020, the ratio slightly declined to 3.99 by December 31, 2020, indicating a brief period of reduced asset utilization. Subsequently, there was a consistent upward trajectory: reaching 4.54 by March 31, 2021, then increasing more markedly to 5.13 in June 2021, and further improving to 5.24 by September 30, 2021.
This positive trend continued into the latter part of 2021 and into 2022, with ratios ascending to 5.80 at December 31, 2021, and 6.45 at March 31, 2022, followed by a notable jump to 7.11 in June 2022, and then a significant acceleration to 9.31 by September 30, 2022. The ratio remained high at 9.93 at December 31, 2022, indicating sustained asset productivity.
Further growth is observed in 2023, with the ratio reaching 12.60 at June 30, and approximately 13.61 at September 30, 2023. Data for subsequent periods are not available, but the historical pattern suggests a strategic enhancement in the company's asset utilization efficiency.
Overall, the incremental increases in fixed asset turnover ratios reflect an improving efficiency in deploying fixed assets to generate revenue, possibly due to operational optimizations, streamlined processes, or shifts in business strategy favoring asset-light or more productive asset use. This persistent upward trend may be indicative of effective asset management and revenue growth relative to fixed asset investments.
Peer comparison
Jun 30, 2025