CONMED Corporation (CNMD)

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	1,305,025	1,286,126	1,274,003	1,260,907	1,244,743	1,168,565	1,139,075	1,098,613	1,045,472	1,068,576	1,042,315	1,020,286	1,010,636	989,493	978,501	881,125	862,458	874,495	870,250	950,728
Property, plant and equipment	US$ in thousands	—	—	—	—	—	120,436	116,788	115,356	115,611	113,720	111,592	108,526	108,863	109,181	107,722	109,379	111,407	112,253	113,164	114,234
Fixed asset turnover		—	—	—	—	—	9.70	9.75	9.52	9.04	9.40	9.34	9.40	9.28	9.06	9.08	8.06	7.74	7.79	7.69	8.32

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,305,025K ÷ $—K
= —

The fixed asset turnover ratio for CONMED Corporation has shown a generally increasing trend from March 31, 2020, to March 31, 2023, ranging from 8.32 to 9.52. This indicates that the company is generating more revenue per dollar of fixed assets invested over this period.

The ratio peaked at 9.75 as of June 30, 2023, suggesting that CONMED has been effectively utilizing its fixed assets to generate sales.

However, it is noteworthy that the ratio declined slightly to 9.70 by September 30, 2023. This could be due to various factors such as changes in sales volume, asset base, or operational efficiency.

As of December 31, 2023, the data is not available, but the trend preceding this indicates a positive efficiency in utilizing fixed assets for revenue generation. Further monitoring of this ratio in subsequent periods will provide insights into CONMED's ability to maintain or improve its operational efficiency.