Coherent Inc (COHR)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,810,280 | 5,595,240 | 5,306,170 | 5,002,600 | 4,707,600 | 4,598,290 | 4,629,670 | 4,868,520 | 5,160,090 | 4,842,002 | 4,429,536 | 3,866,075 | 3,316,616 | 3,237,660 | 3,193,168 | 3,172,918 | 3,105,891 | 3,044,175 | 2,887,984 | 2,767,746 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 1,775,380 | 1,782,040 | — | 1,875,560 | 1,803,650 | 1,363,200 | 305,916 | 306,872 | 302,613 | 295,481 | 264,383 | 260,207 | 245,678 |
| Fixed asset turnover | — | — | — | — | — | — | — | 2.74 | 2.90 | — | 2.36 | 2.14 | 2.43 | 10.58 | 10.41 | 10.49 | 10.51 | 11.51 | 11.10 | 11.27 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,810,280K ÷ $—K
= —
The fixed asset turnover ratio of Coherent Inc. exhibits notable fluctuations over the observed periods, reflecting changes in the company's efficiency in utilizing its fixed assets to generate sales. Between September 30, 2020, and March 31, 2022, the ratio remained relatively stable, maintaining a range approximately between 10.41 and 11.51, indicating a consistent level of asset utilization during this period.
However, a significant decline is observed starting from June 30, 2022, when the ratio drops sharply to 2.43, and further decreases are noted through September 30, 2022, to 2.14. This sharp reduction suggests a substantial change either in sales performance, fixed asset base, or both, leading to reduced sales generated per dollar of fixed assets. The subsequent increase to 2.36 at the end of 2022 and further to 2.90 in June 2023 indicates some recovery or change in asset utilization efficiency.
Overall, the initial stable period reflects efficient management of fixed assets relative to sales. The subsequent sharp decline signifies possible operational challenges, asset write-downs, or strategic shifts affecting asset productivity. The partial recovery observed in late 2022 and mid-2023 reflects either improvements in operational efficiency or adjustments in asset management practices. The data beyond March 2023 remains unavailable, precluding further analysis of recent or future trends.
Peer comparison
Jun 30, 2025