VeriSign Inc (VRSN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,400 | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 |
| Property, plant and equipment | US$ in thousands | 224,500 | 233,200 | 232,000 | 251,200 | 245,571 |
| Fixed asset turnover | 6.94 | 6.40 | 6.14 | 5.29 | 5.15 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,557,400K ÷ $224,500K
= 6.94
VeriSign Inc's fixed asset turnover has shown a consistent upward trend over the past five years, increasing from 5.15 in December 2020 to 6.94 in December 2024. This indicates that the company has been generating more revenue for each dollar invested in fixed assets.
The improvement in fixed asset turnover suggests that VeriSign Inc has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio generally reflects increased efficiency in asset management and operations, as the company is generating more revenue relative to its investment in fixed assets.
Overall, VeriSign Inc's increasing fixed asset turnover ratio is a positive indicator of the company's operational efficiency and ability to generate revenue from its fixed assets. It suggests that the company is effectively managing its assets and utilizing them to drive sales growth.
Peer comparison
Dec 31, 2024