Xpel Inc (XPEL)
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 | 420,400 | 418,411 | 408,236 | 400,556 | 396,294 | 369,237 | 356,318 | 337,971 | 323,993 | 315,644 | 294,415 | 279,261 | 259,263 | 237,738 | 215,332 | 182,402 | 158,924 | 149,812 | 139,307 | 133,595 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 15,523 | 15,311 | 29,512 | 12,658 | 25,749 | 11,364 | 22,808 | 8,663 | 16,871 | 5,712 | 4,706 | 9,692 | 9,810 | 10,052 |
| Fixed asset turnover | — | — | — | — | — | — | 22.95 | 22.07 | 10.98 | 24.94 | 11.43 | 24.57 | 11.37 | 27.44 | 12.76 | 31.93 | 33.77 | 15.46 | 14.20 | 13.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $420,400K ÷ $—K
= —
The fixed asset turnover ratio of Xpel Inc has experienced fluctuations over the provided periods. The ratio indicates how efficiently the company is generating revenue from its fixed assets.
In March 2020, the fixed asset turnover was 13.29, showing that the company generated $13.29 in sales for every $1 of fixed assets. This ratio improved to 15.46 by September 2020, suggesting increased efficiency in asset utilization.
A notable spike was observed in December 2020, with a fixed asset turnover of 33.77, indicating a significant increase in revenue generated per dollar of fixed assets. However, this figure decreased significantly to 11.37 by December 2021.
The ratio continued to fluctuate in the following periods, reaching a low of 10.98 by December 2022 and then showing an improvement to 22.95 by June 2023.
As of September 2023, the data shows "—" indicating missing information, making a precise analysis of this period challenging. The ratio ends at 22.95 in June 2023, suggesting stable efficiency in asset utilization.
Overall, the trend in the fixed asset turnover ratio of Xpel Inc highlights varying levels of efficiency in generating sales from its fixed assets over the analyzed periods.