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.