Artivion Inc (AORT)
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 | 331,069 | 312,325 | 303,112 | 296,526 | 296,606 | 305,041 | 305,123 | 304,962 | 298,836 | 287,338 | 280,262 | 257,885 | 253,227 | 255,028 | 257,778 | 275,146 | 276,222 | 274,324 | 271,041 | 268,398 |
Property, plant and equipment | US$ in thousands | 34,632 | 37,428 | 38,389 | 38,716 | 38,674 | 36,286 | 36,268 | 37,459 | 37,521 | 36,973 | 36,417 | 31,497 | 33,077 | 31,799 | 31,527 | 31,878 | 32,150 | 30,434 | 30,823 | 30,254 |
Fixed asset turnover | 9.56 | 8.34 | 7.90 | 7.66 | 7.67 | 8.41 | 8.41 | 8.14 | 7.96 | 7.77 | 7.70 | 8.19 | 7.66 | 8.02 | 8.18 | 8.63 | 8.59 | 9.01 | 8.79 | 8.87 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $331,069K ÷ $34,632K
= 9.56
The fixed asset turnover ratio of Artivion Inc has shown a consistent and relatively stable trend over the past eight quarters, ranging from 8.11 to 9.23. This ratio indicates the company's ability to generate revenue from its investments in fixed assets.
Artivion Inc's fixed asset turnover has generally been high, indicating that the company is efficiently utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is typically seen as a positive sign, as it suggests that the company is effectively using its assets to generate revenue.
The steady and relatively high fixed asset turnover ratios over the quarters suggest that Artivion Inc has been effectively managing its fixed assets to drive sales. This efficiency could be attributed to effective asset utilization, operational excellence, and/or a strong demand for the company's products or services.
Overall, the trend of high and consistent fixed asset turnover ratios for Artivion Inc reflects positively on the company's operational efficiency and ability to generate revenue from its fixed asset base.
Peer comparison
Dec 31, 2023