DexCom Inc (DXCM)
Fixed asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,603,200 | 3,380,700 | 3,175,600 | 3,001,700 | 2,889,200 | 2,740,300 | 2,599,600 | 2,478,000 | 2,333,800 | 2,206,500 | 2,058,200 | 1,914,400 | 1,823,900 | 1,754,600 | 1,659,800 | 1,555,100 | 1,426,800 | 1,302,000 | 1,187,500 | 1,108,600 |
| Property, plant and equipment | US$ in thousands | 1,113,100 | 1,078,900 | 1,077,600 | 1,075,500 | 1,055,600 | 1,002,500 | 942,900 | 856,500 | 801,800 | 742,200 | 676,000 | 589,900 | 515,300 | 461,800 | 384,300 | 346,100 | 321,300 | 301,000 | 253,200 | 221,400 |
| Fixed asset turnover | 3.24 | 3.13 | 2.95 | 2.79 | 2.74 | 2.73 | 2.76 | 2.89 | 2.91 | 2.97 | 3.04 | 3.25 | 3.54 | 3.80 | 4.32 | 4.49 | 4.44 | 4.33 | 4.69 | 5.01 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,603,200K ÷ $1,113,100K
= 3.24
Dexcom Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 2.76 to 3.25. This ratio measures the efficiency with which the company generates sales revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio generally indicates that the company is effectively utilizing its fixed assets to generate revenue.
In the latest quarter, Q4 2023, Dexcom Inc achieved a fixed asset turnover ratio of 3.25, which is higher compared to the previous quarters. This suggests that the company generated $3.25 in sales revenue for every dollar invested in fixed assets during that period.
Overall, Dexcom Inc's trend of maintaining a fixed asset turnover ratio above 2.5 indicates that the company has been effectively utilizing its fixed assets to drive sales growth and maximize operational efficiency. This consistent performance in fixed asset turnover reflects positively on the company's operational management and ability to efficiently leverage its fixed assets to generate revenue.
Peer comparison
Dec 31, 2023