Amphastar P (AMPH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 644,395 | 498,987 | 437,768 | 349,846 | 322,357 |
| Property, plant and equipment | US$ in thousands | 282,746 | 238,266 | 244,244 | 260,055 | 233,856 |
| Fixed asset turnover | 2.28 | 2.09 | 1.79 | 1.35 | 1.38 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $644,395K ÷ $282,746K
= 2.28
The fixed asset turnover ratio for Amphastar Pharmaceuticals Inc has shown a positive trend over the past five years, increasing from 1.38 in 2019 to 2.28 in 2023. This indicates that the company is generating more revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency.
A higher fixed asset turnover ratio suggests that the company is using its fixed assets more effectively to generate sales. This may be attributed to better production processes, efficient utilization of equipment, or effective management of resources.
Overall, the improving trend in fixed asset turnover for Amphastar Pharmaceuticals Inc reflects a positive operational performance and efficiency in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023