Catalent Inc (CTLT)
Fixed asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,630,900 |
| Property, plant and equipment | US$ in thousands | 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 | 1,561,100 |
| Fixed asset turnover | 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 | 1.69 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,381,000K ÷ $3,643,000K
= 1.20
The fixed asset turnover ratio for Catalent Inc has fluctuated over the past few quarters, ranging from a low of 1.08 to a high of 2.66. This ratio measures how efficiently the company is using its fixed assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets, suggesting better asset utilization.
In the most recent quarter, the fixed asset turnover ratio was 1.20, which means that for every dollar of fixed assets, Catalent Inc generated $1.20 in revenue. This shows a slight improvement compared to the previous quarter.
It is important for the company to maintain a healthy fixed asset turnover ratio to ensure optimal utilization of its assets. An increasing trend in this ratio over time may indicate improved operational efficiency and productivity. However, a declining ratio could signal inefficiencies in asset management or a decrease in revenue generation from fixed assets.
Overall, the trend of the fixed asset turnover ratio for Catalent Inc shows variability, but it is important for the company to continue monitoring and managing its fixed asset utilization effectively to support sustainable growth and profitability in the long term.
Peer comparison
Jun 30, 2024