BioLife Solutions Inc (BLFS)
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 | 142,796 | 154,008 | 161,427 | 162,452 | 161,032 | 154,468 | 147,521 | 138,192 | 118,837 | 96,581 | 74,057 | 52,773 | 48,087 | 41,249 | 36,673 | 33,590 | 27,367 | 25,090 | 23,762 | 22,134 |
| Property, plant and equipment | US$ in thousands | 21,077 | 20,998 | 25,565 | 26,100 | 23,638 | 21,737 | 19,117 | 18,259 | 17,657 | 17,462 | 16,450 | 11,231 | 10,120 | 5,300 | 5,347 | 5,407 | 5,572 | 2,136 | 1,318 | 1,367 |
| Fixed asset turnover | 6.77 | 7.33 | 6.31 | 6.22 | 6.81 | 7.11 | 7.72 | 7.57 | 6.73 | 5.53 | 4.50 | 4.70 | 4.75 | 7.78 | 6.86 | 6.21 | 4.91 | 11.75 | 18.03 | 16.19 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $142,796K ÷ $21,077K
= 6.77
Fixed asset turnover measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is better at utilizing its fixed assets to generate sales.
Based on the data provided, BioLife Solutions Inc's fixed asset turnover fluctuated over the past several quarters. The trend shows that the company has generally maintained a relatively high fixed asset turnover ratio, ranging from 4.50 to 18.03. This indicates that BioLife Solutions has been effectively utilizing its fixed assets to generate sales revenue.
However, it is important to note that there have been fluctuations in the fixed asset turnover ratio over the quarters, suggesting that the company's efficiency in utilizing its fixed assets to generate revenue may vary. It would be worth investigating the reasons behind these fluctuations to understand the factors influencing BioLife Solutions' performance in this aspect.
Overall, the trend of BioLife Solutions Inc's fixed asset turnover ratio indicates that the company has been efficient in leveraging its fixed assets to drive revenue generation, but further analysis is recommended to understand the drivers behind the fluctuations in this ratio over time.
Peer comparison
Dec 31, 2023