Fulgent Genetics Inc (FLGT)

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 283,470 277,761 290,705 287,530 289,213 286,412 307,380 364,868 618,968 802,935 925,148 953,423 992,584 1,035,891 909,739 773,388 421,712 135,121 43,752 34,911
Property, plant and equipment US$ in thousands — — — — — — 87,556 79,083 98,921 81,807 86,049 68,622 62,287 60,166 53,262 46,987 40,199 17,385 8,819 8,223
Fixed asset turnover — — — — — — 3.51 4.61 6.26 9.81 10.75 13.89 15.94 17.22 17.08 16.46 10.49 7.77 4.96 4.25

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $283,470K ÷ $—K
= —

The fixed asset turnover ratio for Fulgent Genetics Inc has shown varying trends over the reported periods. The ratio increased from 4.25 in March 2020 to a peak of 17.22 in September 2021, indicating that the company generated $17.22 in revenue for every $1 invested in fixed assets during that period.

However, since September 2021, the fixed asset turnover ratio has been declining, reaching 6.26 by December 2022. This downward trend suggests that Fulgent Genetics Inc may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue.

As of June 30, 2024, the fixed asset turnover ratio is not available, indicating that the company has not reported this data for the recent periods. It is crucial for stakeholders to monitor this ratio going forward to assess the company's ability to optimize its fixed asset investments efficiently.

In conclusion, the fluctuating trend in Fulgent Genetics Inc's fixed asset turnover ratio indicates changes in how effectively the company is utilizing its fixed assets to generate sales revenue over the reporting periods. Further analysis and monitoring are recommended to understand the underlying factors driving these fluctuations.