Catalyst Pharmaceuticals Inc (CPRX)

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	398,204	348,393	302,949	256,480	214,203	191,755	170,465	153,717	140,833	133,539	126,902	120,142	119,073	118,181	119,761	118,994	102,306	72,683	41,786	12,948
Property, plant and equipment	US$ in thousands	1,195	1,186	1,203	1,285	847	882	917	925	959	951	914	944	130	149	168	197	210	141	148	140
Fixed asset turnover		333.23	293.75	251.83	199.60	252.90	217.41	185.89	166.18	146.85	140.42	138.84	127.27	915.95	793.16	712.86	604.03	487.17	515.48	282.34	92.49

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $398,204K ÷ $1,195K
= 333.23

The fixed asset turnover ratio indicates how efficiently Catalyst Pharmaceuticals Inc is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio suggests that the company is effectively generating revenue from its fixed assets.

Analyzing the trend of Catalyst Pharmaceuticals Inc's fixed asset turnover ratio over the past five years, there appears to be some fluctuations. The ratio has generally been increasing, with occasional fluctuations in certain quarters. For example, the ratio sharply increased from 92.49 in March 2019 to 487.17 in December 2019, indicating a significant improvement in asset utilization efficiency during that period.

In recent quarters, the fixed asset turnover ratio has been consistently high, especially peaking at 333.23 in December 2023. This suggests that Catalyst Pharmaceuticals Inc has been efficiently utilizing its fixed assets to generate sales revenue.

Overall, the trend in the fixed asset turnover ratio for Catalyst Pharmaceuticals Inc reflects a positive performance in terms of efficient utilization of fixed assets to drive revenue generation. It is essential for the company to maintain this efficiency and potentially further improve it to ensure sustainable growth and profitability in the future.