Align Technology Inc (ALGN)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	3,999,012	3,960,519	3,942,861	3,916,541	3,862,257	3,807,046	3,737,180	3,704,563	3,734,635	3,864,220	3,989,782	4,031,039	3,952,591	3,756,011	3,474,245	2,815,749	2,471,941	2,287,208	2,160,405	2,408,788
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,387,350	1,279,040	1,262,820	1,350,740	1,315,910	1,300,360	1,266,170	1,203,180	1,095,500	1,054,280	763,870	734,721	703,657	668,951	663,491
Fixed asset turnover		—	—	—	—	—	2.74	2.92	2.93	2.76	2.94	3.07	3.18	3.29	3.43	3.30	3.69	3.36	3.25	3.23	3.63

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,999,012K ÷ $—K
= —

Align Technology Inc's fixed asset turnover has fluctuated over the past few years. From 2020 to 2021, the fixed asset turnover showed an increasing trend, indicating that the company was generating more sales relative to its investment in fixed assets. However, from March 31, 2022, to December 31, 2023, the fixed asset turnover experienced a downward trend, suggesting that the efficiency of utilizing fixed assets to generate sales declined during this period.

As of December 31, 2023, the fixed asset turnover ratio stood at 2.74. This indicates that the company generated approximately $2.74 in sales for every $1 invested in fixed assets. The decreasing trend in fixed asset turnover from 2021 to 2023 may warrant further investigation into the company's asset management and operational efficiency.

Unfortunately, data for the fixed asset turnover ratio is not available beyond December 31, 2023, which limits a more current assessment of the company's performance in this aspect. Monitoring future reports for the fixed asset turnover ratio will be crucial to understanding any potential shifts in Align Technology Inc's efficiency in utilizing its fixed assets to generate revenue.