Ziff Davis Inc (ZD)
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 | 1,364,028 | 1,370,843 | 1,371,731 | 1,383,071 | 1,390,997 | 1,402,925 | 1,416,196 | 1,420,133 | 1,416,722 | 1,392,149 | 1,310,017 | 1,219,080 | 1,158,829 | 1,180,362 | 1,251,491 | 1,323,567 | 1,372,054 | 1,312,525 | 1,261,108 | 1,226,565 |
| Property, plant and equipment | US$ in thousands | 188,169 | 186,165 | 192,380 | 187,025 | 178,184 | 171,181 | 166,152 | 160,399 | 161,209 | 183,179 | 171,645 | 155,799 | 131,524 | 147,268 | 144,494 | 136,439 | 127,817 | 117,496 | 110,697 | 104,635 |
| Fixed asset turnover | 7.25 | 7.36 | 7.13 | 7.40 | 7.81 | 8.20 | 8.52 | 8.85 | 8.79 | 7.60 | 7.63 | 7.82 | 8.81 | 8.02 | 8.66 | 9.70 | 10.73 | 11.17 | 11.39 | 11.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,364,028K ÷ $188,169K
= 7.25
Fixed asset turnover measures how effectively a company is utilizing its fixed assets to generate revenue. A higher ratio indicates better efficiency in generating sales from its investment in fixed assets.
Analyzing the trend of Ziff Davis Inc's fixed asset turnover, we observe fluctuations over the last eight quarters. The ratio ranged from 6.66 to 8.31, with the highest and lowest values in Q1 2022 and Q3 2022, respectively.
The company's fixed asset turnover has generally been above 7, suggesting that Ziff Davis Inc is efficiently utilizing its fixed assets to generate revenue. However, the fluctuations in the ratio indicate some variability in asset utilization efficiency over the periods analyzed.
Further analysis would be necessary to determine the reasons behind the fluctuations and to assess whether they are indicative of any underlying operational or strategic changes within the company's business.