Charles River Laboratories (CRL)

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 4,086,133 4,070,653 4,059,413 4,065,363 4,086,910 4,314,900 4,293,342 4,227,890 4,106,274 3,792,022 3,683,743 3,605,712 3,459,843 3,333,185 3,172,755 2,930,880 2,859,828 2,759,976 2,697,739 2,671,095
Property, plant and equipment US$ in thousands 1,604,010 1,639,980 1,613,900 1,618,710 1,639,740 1,525,480 1,529,640 1,494,080 1,465,660 1,380,570 1,383,420 1,321,620 1,291,070 1,145,520 1,157,440 1,085,570 1,124,360 1,006,960 997,780 1,033,410
Fixed asset turnover 2.55 2.48 2.52 2.51 2.49 2.83 2.81 2.83 2.80 2.75 2.66 2.73 2.68 2.91 2.74 2.70 2.54 2.74 2.70 2.58

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,086,133K ÷ $1,604,010K
= 2.55

The fixed asset turnover ratio for Charles River Laboratories has been relatively stable over the analyzed period, ranging between 2.48 to 2.91. This ratio indicates how efficiently the company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales.

Charles River Laboratories' fixed asset turnover ratio peaked at 2.91 on September 30, 2021, indicating that the company generated $2.91 in sales for every dollar invested in fixed assets at that time. This suggests strong operational efficiency and effective utilization of fixed assets to drive revenue.

Although there have been fluctuations in the fixed asset turnover ratio over the period, the overall trend reflects a consistent ability of Charles River Laboratories to generate sales from its fixed assets. It is important for the company to continue monitoring and managing its fixed asset turnover to ensure that its assets are being utilized efficiently to support revenue generation.