Artivion Inc (AORT)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	388,537	354,004	313,789	298,836	253,227
Property, plant and equipment	US$ in thousands	—	—	38,674	83,235	51,648
Fixed asset turnover		—	—	8.11	3.59	4.90

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $388,537K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company generates revenue from its investment in fixed assets. Looking at Artivion Inc's fixed asset turnover ratio over the past few years, we see a significant fluctuation:

1. As of December 31, 2020, Artivion Inc's fixed asset turnover ratio was 4.90, indicating that the company generated $4.90 in revenue for every dollar invested in fixed assets. This suggests a relatively efficient utilization of fixed assets to generate sales.

2. By December 31, 2021, the fixed asset turnover ratio had decreased to 3.59, which may indicate a decline in the efficiency of generating revenue from fixed assets compared to the previous year.

3. However, by December 31, 2022, the fixed asset turnover ratio surged to 8.11, showcasing a significant improvement in efficiency in generating revenue from fixed assets. This could suggest better utilization of assets or increased sales relative to the investment in fixed assets.

4. Unfortunately, we don't have data for December 31, 2023, and December 31, 2024, as indicated by "—". Without this information, we are unable to assess how the company's fixed asset turnover ratio evolved in those years.

In conclusion, Artivion Inc's fixed asset turnover ratio has shown fluctuations over the years, indicating variations in the efficiency of generating revenue from fixed assets. It would be important to monitor this ratio consistently to understand the company's performance in utilizing its fixed assets effectively.