Quest Diagnostics Incorporated (DGX)
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 | 9,872,000 | 9,539,000 | 9,346,000 | 9,287,000 | 9,252,000 | 9,297,000 | 9,488,000 | 9,603,000 | 9,883,000 | 10,294,000 | 10,582,000 | 10,679,000 | 10,788,000 | 11,046,000 | 11,058,000 | 10,335,000 | 9,437,000 | 8,361,000 | 7,531,000 | 7,657,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,437,000 | 2,425,000 | 1,795,000 | 2,351,000 | 2,314,000 | 2,263,000 | 1,668,000 | 2,304,000 | 2,230,000 | 2,211,000 | 1,624,000 | 1,627,000 | 1,544,000 | 1,505,000 | 1,461,000 |
| Fixed asset turnover | — | — | — | — | — | 3.81 | 3.91 | 5.35 | 4.20 | 4.45 | 4.68 | 6.40 | 4.68 | 4.95 | 5.00 | 6.36 | 5.80 | 5.42 | 5.00 | 5.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,872,000K ÷ $—K
= —
Quest Diagnostics Incorporated's fixed asset turnover has shown fluctuations over the past few years.
The fixed asset turnover ratio measures the efficiency with which the company generates revenue from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
From March 2020 to June 2021, Quest Diagnostics showed a generally increasing trend in fixed asset turnover, reaching a peak of 6.40 in March 2022. This indicates that the company was effectively utilizing its fixed assets to generate sales during this period.
However, from June 2021 to March 2023, there was a declining trend in the fixed asset turnover, dropping to as low as 3.81 in September 2023. This suggests that the company's efficiency in generating revenue from its fixed assets decreased during this period.
As of December 2023, the fixed asset turnover was not available, and it remained the same for the following quarters up to December 2024.
Overall, fluctuations in Quest Diagnostics' fixed asset turnover ratio suggest varying efficiency in utilizing its fixed assets to generate revenue during the analyzed period. The company may need to focus on optimizing the use of its fixed assets to improve its financial performance.
Peer comparison
Dec 31, 2024