Bio-Rad Laboratories Inc (BIO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,566,500 | 2,671,260 | 2,802,250 | 2,922,540 | 2,545,630 |
| Property, plant and equipment | US$ in thousands | — | — | 498,612 | 695,750 | 491,371 |
| Fixed asset turnover | — | — | 5.62 | 4.20 | 5.18 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,566,500K ÷ $—K
= —
The fixed asset turnover ratio for Bio-Rad Laboratories Inc has shown some fluctuations over the years. In 2020, the ratio was 5.18, indicating that the company generated $5.18 in sales for every dollar invested in fixed assets. This ratio decreased to 4.20 in 2021, suggesting a decrease in the efficiency of utilizing fixed assets to generate revenue.
However, the ratio improved significantly in 2022, reaching 5.62, implying that the company was able to generate more revenue from its fixed assets compared to the previous year. Unfortunately, data for 2023 and 2024 is not available, which limits our ability to track the trend further.
Overall, the fluctuations in Bio-Rad Laboratories Inc's fixed asset turnover ratio suggest variations in the company's efficiency in generating sales from its investment in fixed assets. It would be important to monitor this ratio in future periods to assess the company's ongoing operational efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2024