Boston Scientific Corp (BSX)
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 | 13,974,000 | 10,508,000 | 10,348,000 | 9,999,000 | 9,228,000 | 12,104,000 | 11,689,000 | 11,502,000 | 11,625,000 | 11,168,000 | 10,855,000 | 9,774,000 | 9,553,000 | 9,751,000 | 9,790,000 | 10,420,000 | 10,349,000 | 10,035,000 | 9,758,000 | 9,649,000 |
| Property, plant and equipment | US$ in thousands | 2,859,000 | 2,635,000 | 2,534,000 | 2,478,000 | 2,446,000 | 2,273,000 | 2,246,000 | 2,265,000 | 2,252,000 | 2,109,000 | 2,082,000 | 2,053,000 | 2,084,000 | 2,064,000 | 2,079,000 | 2,098,000 | 2,079,000 | 1,942,000 | 1,820,000 | 1,782,000 |
| Fixed asset turnover | 4.89 | 3.99 | 4.08 | 4.04 | 3.77 | 5.33 | 5.20 | 5.08 | 5.16 | 5.30 | 5.21 | 4.76 | 4.58 | 4.72 | 4.71 | 4.97 | 4.98 | 5.17 | 5.36 | 5.41 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,974,000K ÷ $2,859,000K
= 4.89
The fixed asset turnover ratio measures how efficiently Boston Scientific Corp. is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio generally indicates that the company is effectively utilizing its fixed assets to generate sales.
In the case of Boston Scientific Corp., the fixed asset turnover ratio has been consistently high over the past eight quarters, ranging from 4.98 to 5.53. This indicates that the company is effectively using its fixed assets to generate revenue. The declining trend seen in the most recent quarters from Q3 2022 to Q4 2023 could suggest either an increase in fixed assets or a decrease in revenue generated from those assets.
Overall, Boston Scientific Corp.'s fixed asset turnover ratio suggests that the company is efficiently managing its fixed assets to generate sales, with the recent decline in the ratio potentially highlighting the need for further analysis to understand the underlying factors impacting this metric.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Net Fixed Asset Turnover (Quarterly Data)