Baxter International Inc (BAX)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	4,513,000	14,813,000	15,113,000	12,784,000	11,673,000
Property, plant and equipment	US$ in thousands	—	—	5,529,000	5,808,000	4,722,000
Fixed asset turnover		—	—	2.73	2.20	2.47

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,513,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Baxter International Inc, the fixed asset turnover ratio has shown fluctuating trends over the period under consideration.

As of December 31, 2020, Baxter's fixed asset turnover was 2.47, indicating that for every dollar invested in fixed assets, the company generated $2.47 in revenue. The ratio decreased to 2.20 by December 31, 2021, suggesting a slight decline in efficiency in utilizing fixed assets to generate sales.

However, by December 31, 2022, the fixed asset turnover ratio improved to 2.73, signaling a more efficient utilization of fixed assets to generate revenue. The increase in this ratio indicates that Baxter was able to generate more revenue per dollar invested in fixed assets during this period.

It's important to note that there is no data available for December 31, 2023, and December 31, 2024, which limits our ability to provide a comprehensive analysis for those years.

Overall, the fluctuations in Baxter International Inc's fixed asset turnover ratio suggest varying levels of efficiency in utilizing fixed assets to generate revenue over the years analyzed. Further analysis of the underlying factors influencing these changes would be needed to fully understand the company's operational performance related to fixed asset utilization.