Align Technology Inc (ALGN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	3,999,010	3,862,260	3,734,640	3,952,580	2,471,940
Property, plant and equipment	US$ in thousands	—	—	1,350,740	1,203,180	734,721
Fixed asset turnover		—	—	2.76	3.29	3.36

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,999,010K ÷ $—K
= —

In analyzing Align Technology Inc's fixed asset turnover ratio over the years, we observe the following:

- On December 31, 2020, the fixed asset turnover ratio was 3.36, indicating that the company generated $3.36 in sales for every dollar invested in fixed assets. This suggests efficient utilization of fixed assets to generate revenue.

- The ratio slightly decreased to 3.29 on December 31, 2021, indicating a slight decline in efficiency in generating sales from fixed assets compared to the previous year.

- However, a more significant drop in the fixed asset turnover ratio was seen on December 31, 2022, where it declined to 2.76. This could imply a decrease in the company's ability to generate revenue from its fixed assets efficiently.

- The data for December 31, 2023, and December 31, 2024 are not available, indicated by "—". It is crucial to obtain this missing information to assess the trend and performance in the subsequent years.

In conclusion, the trend in the fixed asset turnover ratio for Align Technology Inc shows variations over the years, with a notable decrease in 2022. Further analysis of the missing data points would provide a clearer picture of the company's efficiency in utilizing its fixed assets to generate revenue.