Verra Mobility Corp (VRRM)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 879,207 817,310 741,598 550,590 393,593
Property, plant and equipment US$ in thousands — — 109,775 96,066 70,284
Fixed asset turnover — — 6.76 5.73 5.60

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $879,207K ÷ $—K
= —

The fixed asset turnover ratio for Verra Mobility Corp has shown a positive trend over the years, increasing from 5.60 in December 2020 to 6.76 in December 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. However, there is missing data for December 2023 and December 2024, which limits a complete analysis of the trend. Overall, the increasing trend in fixed asset turnover reflects efficient utilization of fixed assets to generate sales, which is a positive indicator of operational efficiency.