Globus Medical (GMED)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,519,360 | 1,568,480 | 1,022,840 | 958,102 | 789,042 |
| Property, plant and equipment | US$ in thousands | — | — | 243,729 | 221,076 | 216,879 |
| Fixed asset turnover | — | — | 4.20 | 4.33 | 3.64 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,519,360K ÷ $—K
= —
The fixed asset turnover ratio for Globus Medical has shown a positive trend over the financial years analyzed. In 2020, the ratio stood at 3.64, indicating that the company generated $3.64 in sales for every dollar invested in fixed assets. This ratio improved to 4.33 in 2021, further increasing to 4.20 in 2022. The consistent increase in the fixed asset turnover ratio reflects the company's ability to efficiently utilize its fixed assets to generate sales revenue.
However, it is noted that the data for the years 2023 and 2024 is not available, marked as "—". This lack of information for these two consecutive years may hinder a complete assessment of the company's performance in terms of fixed asset turnover over this period. It is recommended to acquire and include this data for a more comprehensive analysis of the company's operational efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024