Verisk Analytics Inc (VRSK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 735,600 | 2,681,400 | 2,497,000 | 2,998,600 | 2,784,600 |
| Property, plant and equipment | US$ in thousands | — | — | 278,500 | 658,200 | 632,300 |
| Fixed asset turnover | — | — | 8.97 | 4.56 | 4.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $735,600K ÷ $—K
= —
The fixed asset turnover ratio for Verisk Analytics Inc has shown an increasing trend over the last few years. In December 31, 2020, the ratio stood at 4.40, indicating that the company generated $4.40 in revenue for every dollar invested in fixed assets.
By December 31, 2021, the ratio improved to 4.56, suggesting that the company was becoming more efficient in utilizing its fixed assets to generate revenue.
However, a significant jump was observed by December 31, 2022, where the fixed asset turnover ratio surged to 8.97, showcasing a substantial increase in the company's ability to generate revenue from its fixed assets.
Unfortunately, there is missing data for December 31, 2023 and December 31, 2024, which could have provided further insights into the trend of the fixed asset turnover ratio.
Overall, the increasing trend in the fixed asset turnover ratio indicates that Verisk Analytics Inc has been effectively utilizing its fixed assets to generate revenue, showcasing improved operational efficiency and potentially indicating good prospects for the company's financial performance.
Peer comparison
Dec 31, 2024