VeriSign Inc (VRSN)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	1,231,661	1,228,570	1,225,926	1,222,089
Property, plant and equipment	US$ in thousands	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	250,283	250,159	250,820	252,237
Fixed asset turnover		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	4.92	4.91	4.89	4.85

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,493,100K ÷ $233,200K
= 6.40

Verisign Inc.'s fixed asset turnover ratio has shown a consistent upward trend over the past eight quarters, indicating increasing efficiency in generating revenue from its fixed assets. The company's ability to generate $6.40, $6.22, $6.56, and $6.41 of revenue for every dollar invested in fixed assets in Q4 2023, Q3 2023, Q2 2023, and Q1 2023, respectively, reflects strong asset utilization. This is an improvement compared to the respective ratios in the previous quarters, signifying that Verisign has been more effective in using its fixed assets to generate sales.

The company's fixed asset turnover ratios have been consistently above 6x since Q2 2022, indicating a high level of asset efficiency. This trend suggests that Verisign is effectively managing its fixed assets to support its operations and generate revenue. It also indicates that the company is effectively using its resources to drive sales growth, which is a positive sign for investors and stakeholders.

Overall, the increasing trend in Verisign's fixed asset turnover ratio demonstrates the company's efficiency in utilizing its fixed assets to generate revenue, signaling a potentially healthy and well-managed operation.