DexCom Inc (DXCM)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	4,033,000	3,622,300	2,909,800	2,448,500	1,926,700
Property, plant and equipment	US$ in thousands	—	—	1,135,600	889,900	515,300
Fixed asset turnover		—	—	2.56	2.75	3.74

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,033,000K ÷ $—K
= —

Fixed asset turnover is a key ratio that indicates how efficiently a company is utilizing its fixed assets to generate revenue. For DexCom Inc, the trend in fixed asset turnover from 2020 to 2024 shows a notable decline. In 2020, the company had a fixed asset turnover of 3.74, indicating that for each dollar invested in fixed assets, DexCom generated $3.74 in sales. However, by 2024, the fixed asset turnover had fallen to an unspecified value, suggesting a deterioration in the company's ability to generate revenue from its fixed assets.

This declining trend in fixed asset turnover may raise concerns about DexCom's operational efficiency and asset utilization. It could indicate that the company is not effectively leveraging its fixed assets to drive sales growth. Investors and stakeholders may want to further investigate the reasons behind this decline and assess whether management strategies are in place to improve asset utilization and overall efficiency.