Verra Mobility Corp (VRRM)

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	879,207	868,720	853,102	835,137	817,310	792,367	780,090	763,116	741,598	725,508	689,947	631,117	550,590	480,773	415,586	366,738	393,593	405,891	437,223	466,989
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	151,637	111,376	109,775	105,268	102,755	96,066	134,928	128,746	128,970	67,741	70,284	103,703	104,537	105,420
Fixed asset turnover		—	—	—	—	—	—	5.14	6.85	6.76	6.89	6.71	6.57	4.08	3.73	3.22	5.41	5.60	3.91	4.18	4.43

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets efficiently to generate sales.

Analyzing Verra Mobility Corp's fixed asset turnover over the past few quarters, we observe fluctuations in the ratio. From March 2020 to June 2021, the ratio ranged between 3.22 and 5.60, indicating a decent level of efficiency in utilizing fixed assets to generate sales. However, in the subsequent quarters, the ratio declined significantly, reaching as low as 3.22 in June 2021.

The ratio started to improve from March 2022 onwards, reaching a high of 6.89 in September 2022. This improvement suggests that Verra Mobility Corp was able to increase revenue generated from its fixed assets during this period.

Overall, the trend in Verra Mobility Corp's fixed asset turnover shows fluctuations but with an overall increasing trend from March 2022 to March 2024. This indicates a potential improvement in the company's efficiency in utilizing its fixed assets to generate sales.