Catalent Inc (CTLT)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,422,000 | 4,381,000 | 4,135,000 | 4,098,000 | 4,223,000 | 4,263,000 | 4,495,000 | 4,731,000 | 4,799,000 | 4,802,000 | 4,703,000 | 4,483,000 | 4,177,000 | 3,998,000 | 5,904,000 | 5,611,600 | 5,422,000 | 5,240,700 | 2,872,400 | 2,729,300 |
| Property, plant and equipment | US$ in thousands | 3,671,000 | 3,643,000 | 3,735,000 | 3,777,000 | 3,723,000 | 3,682,000 | 3,671,000 | 3,579,000 | 3,167,000 | 3,127,000 | 2,820,000 | 2,727,000 | 2,581,000 | 2,524,000 | 2,358,800 | 2,129,800 | 2,035,500 | 1,901,000 | 1,769,500 | 1,618,100 |
| Fixed asset turnover | 1.20 | 1.20 | 1.11 | 1.08 | 1.13 | 1.16 | 1.22 | 1.32 | 1.52 | 1.54 | 1.67 | 1.64 | 1.62 | 1.58 | 2.50 | 2.63 | 2.66 | 2.76 | 1.62 | 1.69 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,422,000K ÷ $3,671,000K
= 1.20
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover implies more efficient utilization of fixed assets to generate sales.
Based on the data provided for Catalent Inc, the fixed asset turnover has fluctuated over the past few quarters. In general, the trend shows a relatively stable performance, with some fluctuations observed. The ratio was highest at 2.76 in the fourth quarter of 2019, indicating that the company generated $2.76 in sales for every $1 of fixed assets.
There was a significant decrease in fixed asset turnover in the first quarter of 2020 to 1.62 before gradually increasing to 1.67 in the second quarter of 2022. This suggests a period of less efficient asset utilization followed by an improvement in efficiency. The ratio peaked at 2.66 in the first quarter of 2021 before declining slightly.
Overall, the trend indicates that Catalent Inc has generally maintained a reasonable level of fixed asset turnover, with some fluctuations over the quarters. It is important for the company to continue monitoring and managing its fixed asset efficiency to ensure optimal utilization for revenue generation.
Peer comparison
Sep 30, 2024