VeriSign Inc (VRSN)
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 | 1,557,400 | 1,542,400 | 1,528,100 | 1,513,000 | 1,493,100 | 1,481,900 | 1,462,500 | 1,442,400 | 1,424,900 | 1,396,000 | 1,373,400 | 1,350,900 | 1,327,600 | 1,307,632 | 1,291,211 | 1,276,176 | 1,265,100 | 1,255,311 | 1,245,853 | 1,237,777 |
| Property, plant and equipment | US$ in thousands | 224,500 | 224,800 | 227,800 | 227,200 | 233,200 | 238,200 | 222,800 | 224,900 | 232,000 | 235,200 | 240,100 | 244,900 | 251,200 | 249,093 | 247,694 | 241,136 | 245,571 | 248,587 | 250,290 | 247,764 |
| Fixed asset turnover | 6.94 | 6.86 | 6.71 | 6.66 | 6.40 | 6.22 | 6.56 | 6.41 | 6.14 | 5.94 | 5.72 | 5.52 | 5.29 | 5.25 | 5.21 | 5.29 | 5.15 | 5.05 | 4.98 | 5.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ 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 few years, indicating that the company is becoming more efficient in generating revenue from its fixed assets. The ratio has increased steadily from 5.00 in March 2020 to 6.94 in December 2024. This suggests that the company is effectively utilizing its fixed assets to generate sales.
A higher fixed asset turnover ratio is generally favorable as it indicates that the company is generating more revenue per dollar invested in fixed assets. VeriSign's increasing trend in fixed asset turnover reflects effective asset management and operational efficiency, which can lead to improved profitability and shareholder value.
It is important to continue monitoring the fixed asset turnover ratio to ensure that the company maintains its efficiency in utilizing fixed assets to drive revenue growth. Additionally, further analysis and comparison with industry benchmarks can provide a better understanding of VeriSign's performance in this aspect.
Peer comparison
Dec 31, 2024