NextPlat (NXPL) Asset Utilization Ratio (2016 - 2026)
NextPlat (NXPL) posted quarterly Asset Utilization Ratio of 1.83 for Q1 2026, up 5.56% year-over-year from 1.73 in Q1 2025, and down 2.32% quarter-over-quarter from 1.87 in Q4 2025.
NextPlat (NXPL) Asset Utilization Ratio (2016 - 2026) Analysis & Trends
NextPlat (NXPL) has reported Asset Utilization Ratio for 11 consecutive years, with 1.83 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 5.56% year-over-year to 1.83; the TTM figure through Mar 2026 stood at 1.83 (up 5.56% YoY), while the FY2025 annual figure was 1.68, up 29.33% from the prior year.
- Asset Utilization Ratio fell to 1.83 in Q1 2026 per NXPL's latest filing, from 1.87 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 1.87 in Q3 2025 and bottomed at 0.38 in Q2 2023.
- Historically, Asset Utilization Ratio has averaged 1.05 across 5 years, with a median of 0.81 in 2024.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio tumbled 79.83% — and 2024, when it surged 201.17%.
- NextPlat's Asset Utilization Ratio stood at 0.48 in 2022, then grew by 21.35% to 0.58 in 2023, then soared by 192.54% to 1.69 in 2024, then advanced by 10.57% to 1.87 in 2025, then decreased by 2.32% to 1.83 in 2026.
- Business Quant data shows NXPL's Asset Utilization Ratio at 1.83 in Q1 2026, 1.87 in Q4 2025, and 1.87 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 0.52 |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 0.93 |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 0.39 |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 0.88 |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 0.53 |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 0.57 |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 0.34 |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 0.85 |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 0.57 |
| 10 | NextPlat | 22.27 Mn | 11.36 Mn | 3.41 Mn | 1.83 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.83 |
| Dec 31, 2025 | 1.87 |
| Sep 30, 2025 | 1.87 |
| Jun 30, 2025 | 1.77 |
| Mar 31, 2025 | 1.73 |
| Dec 31, 2024 | 1.69 |
| Sep 30, 2024 | 1.44 |
| Jun 30, 2024 | 1.14 |
| Mar 31, 2024 | 0.81 |
| Dec 31, 2023 | 0.58 |
| Sep 30, 2023 | 0.49 |
| Jun 30, 2023 | 0.38 |
| Mar 31, 2023 | 0.39 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.49 |
| Jun 30, 2022 | 0.42 |
| Mar 31, 2022 | 0.43 |
| Dec 31, 2021 | 0.38 |
| Sep 30, 2021 | 0.38 |
| Jun 30, 2021 | 0.64 |