Amphastar P (AMPH)

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 731,967 723,549 712,891 676,209 644,395 601,313 540,886 518,641 498,987 484,851 476,920 455,116 437,768 412,802 384,035 368,178 349,846 337,308 334,014 327,255
Property, plant and equipment US$ in thousands 297,345 295,384 287,999 288,523 282,746 280,836 278,526 243,479 238,266 232,741 237,564 243,248 244,244 242,924 252,590 253,265 260,055 245,881 238,236 231,476
Fixed asset turnover 2.46 2.45 2.48 2.34 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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $731,967K ÷ $297,345K
= 2.46

The fixed asset turnover of Amphastar P has shown a gradual increase over the past few years. It stood at 1.41 as of March 31, 2020, and peaked at 2.46 by December 31, 2024. This indicates that the company has been generating more revenue from its fixed assets over time, reflecting a better utilization of its investment in property, plant, and equipment. The steady upward trend in fixed asset turnover suggests improved efficiency and effective management of its asset base. It is important to monitor this ratio over time to ensure sustained performance and continued operational effectiveness.