Certara Inc (CERT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 385,148 | 354,337 | 335,644 | 286,104 | 243,530 |
| Property, plant and equipment | US$ in thousands | — | — | 2,400 | 15,569 | 3,872 |
| Fixed asset turnover | — | — | 139.85 | 18.38 | 62.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $385,148K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at Certara Inc's fixed asset turnover over the past few years, we can see a significant fluctuation in the ratio.
In 2020, Certara Inc had a high fixed asset turnover of 62.90, indicating that the company generated $62.90 in revenue for every dollar invested in fixed assets. However, in 2021, the fixed asset turnover dropped to 18.38, suggesting a decrease in the efficiency of asset utilization.
The following year, in 2022, Certara Inc saw a remarkable improvement in its fixed asset turnover, reaching 139.85. This surge indicates a substantial increase in revenue generated from fixed assets investment, reflecting a more efficient use of assets to drive sales.
Unfortunately, we lack data for 2023 and 2024, represented as "—". It would be beneficial to have this information to track the company's performance and assess if the trend of improved asset turnover continued.
In summary, Certara Inc experienced significant fluctuations in its fixed asset turnover ratio over the analyzed period. The company showed a mix of strong asset utilization efficiency in some years and a decrease in efficiency in others. Further data would be needed to determine the consistency of the company's asset turnover performance.
Peer comparison
Dec 31, 2024