Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2021', ZENA's fixed asset turnover was 41.45, illustrating how efficiently fixed assets are generating revenue. Industry average for Computer Software: Prepackaged Software in '2021' stood at 4.53.
• In '2022', ZENA's fixed asset turnover was 62.29, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Computer Software: Prepackaged Software in '2022' stood at 4.92. Industry average increased by 0.39 compared to previous year.
• In '2023', ZENA's fixed asset turnover was 11.29, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Computer Software: Prepackaged Software in '2023' stood at 5.31. Industry average increased by 0.38 compared to previous year.
• In '2024', ZENA's fixed asset turnover was 2.74, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Computer Software: Prepackaged Software in '2024' stood at 4.88. Industry average declined by 0.43 from previous year.
Overall, ZENA's fixed asset turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.