Xpel Inc (XPEL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 395,362 | 367,671 | 354,472 | 335,716 | 322,032 | 313,502 | 292,841 | 278,485 | 258,608 | 237,501 | 215,221 | 182,193 | 158,356 | 149,325 | 138,728 | 133,070 | |||
| Property, plant and equipment | US$ in thousands | 16,980 | 15,690 | 15,523 | 15,311 | 14,203 | 12,658 | 12,169 | 11,364 | 9,898 | 8,663 | 7,557 | 5,712 | 4,706 | 4,592 | 4,550 | 4,544 | 4,015 | 3,666 | 3,711 |
| Fixed asset turnover | 23.28 | 23.43 | 22.84 | 21.93 | 22.67 | 24.77 | 24.06 | 24.51 | 26.13 | 27.42 | 28.48 | 31.90 | 33.65 | 32.52 | 30.49 | 29.28 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $395,362K ÷ $16,980K
= 23.28
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio typically indicates more efficient utilization of fixed assets in generating sales.
Based on the data provided for XPEL Inc, the fixed asset turnover ratios for the last eight quarters have been relatively high and consistent, ranging between 22.07 and 24.94. This implies that over the analyzed period, XPEL Inc has been effectively using its fixed assets to generate sales revenue.
The stability and high values of the fixed asset turnover ratio indicate that XPEL Inc has been efficient in managing and utilizing its fixed assets to drive revenue growth. Consistently high fixed asset turnover ratios suggest effective asset management and operational efficiency within the company.
Overall, the fixed asset turnover ratio analysis suggests that XPEL Inc has been successful in maximizing the productivity of its fixed assets to support its revenue-generating activities.