Yelp Inc (YELP)
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 | 1,350,662 | 1,317,426 | 1,280,874 | 1,241,811 | 1,205,528 | 1,169,086 | 1,128,644 | 1,086,054 | 1,040,559 | 999,594 | 950,952 | 862,967 | 880,779 | 914,397 | 954,062 | 1,030,022 | 1,014,286 | 989,203 | 967,920 | 955,870 |
| Property, plant and equipment | US$ in thousands | 68,684 | 72,373 | 75,588 | 76,936 | 77,224 | 78,699 | 82,212 | 83,138 | 83,857 | 92,429 | 92,627 | 98,004 | 101,718 | 105,488 | 106,732 | 110,141 | 110,949 | 113,935 | 114,105 | 111,477 |
| Fixed asset turnover | 19.66 | 18.20 | 16.95 | 16.14 | 15.61 | 14.86 | 13.73 | 13.06 | 12.41 | 10.81 | 10.27 | 8.81 | 8.66 | 8.67 | 8.94 | 9.35 | 9.14 | 8.68 | 8.48 | 8.57 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,350,662K ÷ $68,684K
= 19.66
The fixed asset turnover of Yelp Inc has shown an increasing trend over the past eight quarters, indicating improved efficiency in generating revenue from its fixed assets. The ratio increased from 12.95 in Q1 2022 to 19.47 in Q4 2023, reflecting a significant improvement in utilizing fixed assets to generate sales. This suggests that Yelp Inc has been effectively utilizing its fixed assets to support revenue generation and improve overall operational efficiency. Overall, the consistent upward trend in fixed asset turnover indicates positive operational performance and effective management of fixed assets within the company.
Peer comparison
Dec 31, 2023