Avantor Inc (AVTR)
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 | 6,783,600 | 6,819,800 | 6,825,600 | 6,866,700 | 6,967,200 | 7,039,400 | 7,175,700 | 7,342,300 | 7,512,400 | 7,625,000 | 7,602,800 | 7,550,900 | 7,386,100 | 7,269,400 | 7,040,100 | 6,660,200 | 6,393,600 | 6,126,700 | 6,025,500 | 6,079,200 |
| Property, plant and equipment | US$ in thousands | 708,100 | 722,800 | 753,800 | 739,700 | 737,500 | 698,300 | 698,200 | 736,500 | 727,000 | 698,200 | 698,100 | 699,900 | 705,500 | 682,700 | 652,600 | 537,400 | 549,900 | 552,500 | 551,800 | 556,000 |
| Fixed asset turnover | 9.58 | 9.44 | 9.05 | 9.28 | 9.45 | 10.08 | 10.28 | 9.97 | 10.33 | 10.92 | 10.89 | 10.79 | 10.47 | 10.65 | 10.79 | 12.39 | 11.63 | 11.09 | 10.92 | 10.93 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,783,600K ÷ $708,100K
= 9.58
The fixed asset turnover ratio for Avantor Inc has shown some fluctuations over the past few years, ranging from a high of 12.39 in March 2021 to a low of 9.05 in June 2024. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher turnover ratio implies that the company is effectively generating sales from its investment in fixed assets.
From March 2021 to September 2021, the fixed asset turnover ratio remained relatively stable, indicating consistent efficiency in asset utilization. However, the ratio experienced a decline from September 2021 to December 2021, suggesting a potential decrease in revenue generated from fixed assets during this period.
The trend continued with fluctuations in the following years, demonstrating some variability in Avantor Inc's ability to generate revenue from its fixed assets. The overall decrease in the fixed asset turnover ratio from March 2021 to December 2024 may indicate a need for the company to reassess its asset utilization strategies to improve efficiency and maximize revenue generation from its fixed assets.
Peer comparison
Dec 31, 2024