CONMED Corporation (CNMD)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,307,020	1,244,740	1,045,470	1,010,640	862,459
Property, plant and equipment	US$ in thousands	—	—	115,611	108,863	111,407
Fixed asset turnover		—	—	9.04	9.28	7.74

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,307,020K ÷ $—K
= —

The fixed asset turnover ratio measures a company's ability to generate revenue from its investments in fixed assets. CONMED Corporation's fixed asset turnover has shown a positive trend over the past few years, increasing from 7.74 in 2020 to 9.28 in 2021, and then slightly decreasing to 9.04 in 2022. However, there is missing data for 2023 and 2024, which may limit the ability to assess the trend accurately for those years.

Overall, the high values of fixed asset turnover indicate that CONMED Corporation is efficiently using its fixed assets to generate revenue. It suggests that the company is effectively managing and utilizing its property, plant, and equipment to generate sales. Investors and stakeholders may view this as a positive sign of operational efficiency within the company. However, it is important to monitor future trends to ensure continued efficient utilization of fixed assets.