Balchem Corporation (BCPC)
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 | 953,684 | 942,379 | 932,387 | 929,558 | 922,439 | 926,271 | 940,590 | 946,031 | 942,358 | 922,960 | 876,562 | 842,234 | 799,023 | 766,603 | 743,874 | 714,864 | 703,644 | 689,458 | 672,913 | 661,112 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 271,471 | 276,103 | 271,355 | 260,008 | 252,145 | 240,419 | 246,805 | 239,078 | 237,864 | 226,513 | 228,096 | 219,554 | 217,003 | 215,279 |
| Fixed asset turnover | — | — | — | — | — | — | 3.46 | 3.43 | 3.47 | 3.55 | 3.48 | 3.50 | 3.24 | 3.21 | 3.13 | 3.16 | 3.08 | 3.14 | 3.10 | 3.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $953,684K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Balchem Corporation's fixed asset turnover has been consistently increasing over the past few years, indicating improved efficiency in utilizing its fixed assets to generate sales.
From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio ranged from 3.07 to 3.55, showing a positive trend. This suggests that the company has been able to generate more sales for each dollar invested in fixed assets during this period.
However, there was a slight decrease in the fixed asset turnover ratio from March 31, 2022, to June 30, 2023, before it picked up again. The ratio remained above 3.00, indicating that Balchem Corporation continues to effectively utilize its fixed assets to drive revenue growth.
The absence of data for the latter half of 2023 and all of 2024 makes it difficult to provide a complete analysis of the trend in fixed asset turnover for those periods. Monitoring this ratio in the future can provide insights into the company's ongoing efficiency in leveraging its fixed assets to generate sales.
Peer comparison
Dec 31, 2024