Amphastar P (AMPH)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	644,395	601,313	540,886	518,641	498,987	484,851	476,920	455,116	437,768	412,802	384,035	368,178	349,846	337,308	334,014	327,255	322,357	328,664	324,070	316,063
Property, plant and equipment	US$ in thousands	282,746	280,836	278,526	243,479	238,266	232,741	237,564	243,248	244,244	242,924	252,590	253,265	260,055	245,881	238,236	231,476	233,856	222,158	220,060	214,836
Fixed asset turnover		2.28	2.14	1.94	2.13	2.09	2.08	2.01	1.87	1.79	1.70	1.52	1.45	1.35	1.37	1.40	1.41	1.38	1.48	1.47	1.47

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $644,395K ÷ $282,746K
= 2.28

Fixed Asset Turnover is a financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. A higher fixed asset turnover generally indicates that the company is using its fixed assets efficiently to generate revenue.

Analyzing the fixed asset turnover of Amphastar Pharmaceuticals Inc based on the provided data, we can see that the ratio has fluctuated over the past eight quarters. In Q4 2023, the fixed asset turnover was 2.28, which was higher compared to the previous quarters, indicating an improvement in the company's efficiency in generating sales from its fixed assets.

However, it's important to note that the fixed asset turnover ratio decreased in Q2 2023 and Q1 2022 compared to the previous quarters. This could suggest a temporary decrease in efficiency in utilizing fixed assets to generate revenue during those periods.

Overall, the trend in Amphastar Pharmaceuticals Inc's fixed asset turnover ratio shows some variability but generally indicates a consistent ability to efficiently generate sales from its fixed assets, with some fluctuations in efficiency over the quarters analyzed.