Baxter International Inc (BAX)
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 | 14,920,000 | 14,899,000 | 14,958,000 | 15,052,000 | 15,164,000 | 14,775,000 | 14,223,000 | 13,534,000 | 12,731,000 | 12,327,000 | 12,064,000 | 11,659,000 | 11,491,000 | 11,459,000 | 11,330,000 | 11,475,000 | 11,340,000 | 11,142,000 | 11,110,000 | 11,118,000 |
Property, plant and equipment | US$ in thousands | 4,433,000 | 4,278,000 | 4,494,000 | 5,000,000 | 4,695,000 | 4,799,000 | 4,976,000 | 5,114,000 | 5,178,000 | 4,582,000 | 4,649,000 | 4,614,000 | 4,722,000 | 4,460,000 | 4,382,000 | 4,340,000 | 4,512,000 | 4,406,000 | 4,485,000 | 4,476,000 |
Fixed asset turnover | 3.37 | 3.48 | 3.33 | 3.01 | 3.23 | 3.08 | 2.86 | 2.65 | 2.46 | 2.69 | 2.59 | 2.53 | 2.43 | 2.57 | 2.59 | 2.64 | 2.51 | 2.53 | 2.48 | 2.48 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,920,000K ÷ $4,433,000K
= 3.37
Baxter International Inc.'s fixed asset turnover ratio over the past eight quarters has shown some variation, ranging from 2.65 to 3.49. This ratio measures the company's ability to generate revenue from its investment in fixed assets, with a higher ratio indicating more efficient utilization of fixed assets to generate sales.
The trend in fixed asset turnover for Baxter International Inc. has been relatively stable, with fluctuations within a reasonable range. Q3 2023 had the highest fixed asset turnover at 3.49, indicating that the company was able to generate $3.49 in revenue for every dollar invested in fixed assets during that quarter. On the other hand, Q1 2022 had the lowest ratio at 2.65, suggesting a lower efficiency in utilizing fixed assets to generate revenue.
Overall, the company's fixed asset turnover ratios suggest that Baxter International Inc. has been effectively managing its fixed assets to generate sales, with the ratios consistently above 3. This indicates a relatively efficient use of fixed assets in generating revenue over the analyzed period.
Peer comparison
Dec 31, 2023
See also:
Baxter International Inc Net Fixed Asset Turnover (Quarterly Data)