Edwards Lifesciences Corp (EW)

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	5,724,300	5,872,600	5,999,100	6,143,400	6,004,800	5,819,000	5,657,100	5,500,800	5,382,400	5,363,800	5,355,000	5,357,100	5,232,500	5,094,500	4,925,200	4,474,200	4,386,300	4,368,700	4,321,800	4,483,700
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,772,200	1,747,100	1,646,000	1,725,100	1,654,100	1,644,100	1,552,200	1,638,700	1,549,400	1,530,400	1,417,900	1,395,200	1,276,300	1,195,600	1,100,600
Fixed asset turnover		—	—	—	—	—	3.28	3.24	3.34	3.12	3.24	3.26	3.45	3.19	3.29	3.22	3.16	3.14	3.42	3.61	4.07

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,724,300K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company generates sales revenue from its investment in fixed assets. For Edwards Lifesciences Corp, the trend in the fixed asset turnover ratio has shown some variability over the past few years.

From March 31, 2020, with a ratio of 4.07, the company's fixed asset turnover gradually decreased, reaching a low of 3.12 on December 31, 2022. This decline indicates a decrease in the company's efficiency in utilizing its fixed assets to generate sales.

However, the ratio started to pick up again in the following periods, showing signs of improvement. As of March 31, 2024, the fixed asset turnover ratio was not available in the data provided.

Overall, the trend in Edwards Lifesciences Corp's fixed asset turnover ratio demonstrates fluctuations but with a general trend of moderate efficiency in utilizing fixed assets to generate sales, with some periods of improvement after a decline. It would be important to closely monitor future data points to assess the company's ongoing asset utilization efficiency.