Avanos Medical Inc (AVNS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 687,800 | 673,300 | 820,000 | 744,600 | 714,800 |
| Property, plant and equipment | US$ in thousands | — | — | 163,900 | 168,100 | 175,300 |
| Fixed asset turnover | — | — | 5.00 | 4.43 | 4.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $687,800K ÷ $—K
= —
Looking at the fixed asset turnover ratios for Avanos Medical Inc over the years, we can see a consistent improvement in efficiency. The fixed asset turnover ratio measures how effectively the company generates sales revenue from its investment in fixed assets.
In 2020, the fixed asset turnover was 4.08, indicating that for every dollar invested in fixed assets, the company generated $4.08 in sales. This improved to 4.43 in 2021 and further increased to 5.00 in 2022, showing a positive trend in asset utilization efficiency.
However, there is missing data for 2023 and 2024, which makes it challenging to assess the trend accurately beyond 2022. It would be essential to track this ratio in the upcoming years to evaluate the company's continued improvements in utilizing its fixed assets to generate sales revenue effectively.
Peer comparison
Dec 31, 2024