Globus Medical (GMED)

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	2,519,355	2,478,596	2,236,530	1,898,454	1,568,476	1,226,440	1,096,949	1,068,982	1,022,843	998,366	973,939	961,307	958,102	941,526	927,903	825,809	789,042	767,264	747,381	792,998
Property, plant and equipment	US$ in thousands	—	—	—	—	—	703,051	248,048	245,098	243,729	236,342	238,882	227,541	221,076	215,665	210,749	216,186	216,879	215,274	211,902	212,605
Fixed asset turnover		—	—	—	—	—	1.74	4.42	4.36	4.20	4.22	4.08	4.22	4.33	4.37	4.40	3.82	3.64	3.56	3.53	3.73

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,519,355K ÷ $—K
= —

The fixed asset turnover ratio for Globus Medical has shown a general increasing trend from March 31, 2020, to June 30, 2023. The ratio increased from 3.73 on March 31, 2020, to its peak of 4.42 on June 30, 2023, indicating that the company generated $4.42 in sales for every dollar invested in fixed assets during this period.

However, there was a significant decrease in the fixed asset turnover ratio to 1.74 on September 30, 2023. This sharp decline may suggest inefficiencies in utilizing the company's fixed assets to generate revenue during that quarter.

Unfortunately, there is missing data for the fixed asset turnover ratio beyond December 31, 2023. It would be beneficial to continue monitoring this ratio in future periods to assess the company's ability to efficiently utilize its fixed assets in generating sales.