Glaukos Corp (GKOS)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	378,263	301,165	266,924	278,319	211,679
Property, plant and equipment	US$ in thousands	97,867	103,212	94,403	68,969	24,008
Fixed asset turnover		3.87	2.92	2.83	4.04	8.82

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $378,263K ÷ $97,867K
= 3.87

The fixed asset turnover ratio for Glaukos Corp has experienced a downward trend over the past few years. In December 2020, the company had a fixed asset turnover ratio of 8.82, indicating that for every dollar invested in fixed assets, the company generated $8.82 in revenue. However, this ratio decreased significantly to 4.04 by December 2021, and continued to decline to 2.83 by December 2022.

Although there was a slight increase to 2.92 by December 2023, the ratio remained relatively low compared to previous years. By the end of December 2024, the fixed asset turnover ratio improved to 3.87 but still lags behind the 2020 levels.

This declining trend in fixed asset turnover could indicate inefficiencies in utilizing fixed assets to generate revenue. It may be important for Glaukos Corp to further analyze and improve its operational processes to enhance the efficiency of its fixed asset utilization in the future.