Quest Diagnostics Incorporated (DGX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,872,000 | 9,252,000 | 9,883,000 | 10,788,000 | 9,437,000 |
| Property, plant and equipment | US$ in thousands | — | — | 2,351,000 | 2,304,000 | 1,627,000 |
| Fixed asset turnover | — | — | 4.20 | 4.68 | 5.80 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,872,000K ÷ $—K
= —
Quest Diagnostics Incorporated's fixed asset turnover ratio has experienced a declining trend from 5.80 in December 31, 2020, to 4.68 in December 31, 2021, and further to 4.20 in December 31, 2022. This indicates that the company generated $4.20 in revenue for every dollar invested in fixed assets in 2022, down from $5.80 in 2020. The absence of data for December 31, 2023, and December 31, 2024, prevents an analysis for those years.
The decreasing trend in fixed asset turnover could suggest that Quest Diagnostics may be facing challenges in efficiently utilizing its fixed assets to generate revenue. It is important for the company to investigate and address the factors contributing to this decline to improve operational efficiency and potentially increase profitability in the future.
Peer comparison
Dec 31, 2024