Bio-Rad Laboratories Inc (BIO)

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 2,566,525 2,580,209 2,562,604 2,605,238 2,671,262 2,720,366 2,769,042 2,779,031 2,802,249 2,804,730 2,870,979 2,895,811 2,922,545 2,979,615 2,879,829 2,700,778 2,545,626 2,380,215 2,293,585 2,329,324
Property, plant and equipment US$ in thousands — — — — — 711,402 687,935 680,550 498,612 632,699 656,471 684,196 695,750 680,839 672,234 678,936 491,371 677,601 679,018 486,174
Fixed asset turnover — — — — — 3.82 4.03 4.08 5.62 4.43 4.37 4.23 4.20 4.38 4.28 3.98 5.18 3.51 3.38 4.79

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,566,525K ÷ $—K
= —

The fixed asset turnover of Bio-Rad Laboratories Inc has fluctuated over the past few years, ranging from a low of 3.38 in June 2020 to a high of 5.62 in December 2022. This ratio measures the company's ability to generate revenue from its investment in fixed assets. A higher ratio indicates that the company is more efficient in utilizing its fixed assets to generate sales.

The general trend for Bio-Rad's fixed asset turnover shows an improvement from 2020 to 2022, indicating better asset utilization efficiency during this period. However, the ratio declined slightly in the subsequent years, settling around 4.00 in 2023 and 2024. The decrease in fixed asset turnover could suggest challenges in effectively utilizing fixed assets to generate revenue or possibly an increase in the level of fixed assets without a proportional increase in revenue.

It is important for Bio-Rad Laboratories Inc to monitor and analyze the factors influencing its fixed asset turnover to ensure optimal utilization of resources and sustained profitability in the future.