Boston Scientific Corp (BSX)

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	16,746,000	15,910,000	15,228,000	14,707,000	14,240,000	13,757,000	13,400,000	13,045,000	12,682,000	12,567,000	12,329,000	12,162,000	11,888,000	11,469,000	11,196,000	10,122,000	9,913,000	10,110,000	10,158,000	10,786,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,081,000	2,534,000	2,478,000	2,832,000	2,273,000	2,246,000	2,265,000	2,252,000	2,109,000	2,493,000	2,053,000	2,084,000	2,064,000	2,079,000	2,098,000
Fixed asset turnover		—	—	—	—	—	4.47	5.29	5.26	4.48	5.53	5.49	5.37	5.28	5.44	4.49	4.93	4.76	4.90	4.89	5.14

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,746,000K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.

Based on the data provided for Boston Scientific Corp, the fixed asset turnover ratio has fluctuated over the period. It was relatively high in the range of 4.76 to 5.53 from December 31, 2020, to September 30, 2022. This suggests that the company was effectively generating sales from its fixed assets during this time.

However, there was a noticeable dip in the ratio to 4.48 by December 31, 2022, before gradually increasing to 5.29 by June 30, 2023. The ratio then dropped again to 4.47 by September 30, 2023, indicating some fluctuations in asset utilization efficiency.

From December 31, 2023, to the end of the data period on September 30, 2024, there is no data available for the fixed asset turnover ratio which makes it impossible to provide a clear trend analysis.

In conclusion, Boston Scientific Corp's fixed asset turnover ratio has shown variability over the analyzed period, with periods of strong asset utilization efficiency interspersed with fluctuations. Continuous monitoring of this ratio will be important to assess the company's efficiency in utilizing its fixed assets to generate revenue.