Artivion Inc (AORT)
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 | 388,537 | 384,899 | 376,974 | 368,206 | 354,004 | 339,732 | 328,716 | 319,805 | 313,789 | 313,785 | 309,154 | 304,962 | 298,836 | 287,338 | 280,262 | 257,885 | 253,227 | 255,028 | 257,778 | 275,146 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 80,773 | 79,214 | — | 38,674 | 77,606 | 78,927 | 37,459 | 83,235 | 83,886 | 84,776 | 70,570 | 51,648 | — | — | — |
| Fixed asset turnover | — | — | — | — | — | 4.21 | 4.15 | — | 8.11 | 4.04 | 3.92 | 8.14 | 3.59 | 3.43 | 3.31 | 3.65 | 4.90 | — | — | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $388,537K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is using its fixed assets to generate revenue. In the case of Artivion Inc, the trend of fixed asset turnover over the past years shows fluctuation and improvement.
Notably, the fixed asset turnover ratio was not available for some periods, but for the periods where data is available, we see a significant increase from 4.90 in December 2020 to a peak of 8.14 in March 2022. This indicates that the company was able to generate $8.14 in revenue for every dollar invested in fixed assets during that period, reflecting a high level of efficiency in asset utilization.
Subsequently, there was a decline in the fixed asset turnover ratio to 3.92 in June 2022, followed by fluctuations between 3.31 to 4.21 in the following periods. These fluctuations suggest that Artivion Inc may have faced challenges in optimizing the use of its fixed assets to generate revenue consistently.
It is important for the company to maintain or improve its fixed asset turnover ratio over time to ensure that its assets are being effectively utilized to drive revenue generation. Analyzing the factors contributing to fluctuations in the ratio will help Artivion Inc make informed decisions regarding its asset management strategies for sustainable growth and profitability.
Peer comparison
Dec 31, 2024