Haemonetics Corporation (HAE)
Fixed asset turnover
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 2,596,175 | 2,424,725 | 2,393,776 | 2,373,078 | 2,323,237 | 1,114,154 | 1,068,622 | 1,011,034 | 987,485 | 954,649 | 935,251 | 904,840 | 862,112 | 882,733 | 901,332 | 944,412 | 989,857 | 1,000,660 | 989,046 | 978,061 |
Property, plant and equipment | US$ in thousands | 311,362 | 318,665 | 307,766 | 304,467 | 310,885 | 313,138 | 307,844 | 288,321 | 258,482 | 238,841 | 223,747 | 214,782 | 217,559 | 240,009 | 240,405 | 242,969 | 253,399 | 268,104 | 264,238 | 276,748 |
Fixed asset turnover | 8.34 | 7.61 | 7.78 | 7.79 | 7.47 | 3.56 | 3.47 | 3.51 | 3.82 | 4.00 | 4.18 | 4.21 | 3.96 | 3.68 | 3.75 | 3.89 | 3.91 | 3.73 | 3.74 | 3.53 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,596,175K ÷ $311,362K
= 8.34
Haemonetics Corporation's fixed asset turnover ratio has shown fluctuations over the past few quarters, indicating changes in how efficiently the company is utilizing its fixed assets to generate revenue.
The fixed asset turnover has been relatively high, with values ranging from 7.47 to 8.34 in the recent quarters, suggesting that the company is generating significant revenue relative to its investment in fixed assets. This indicates efficient utilization of fixed assets to drive sales.
However, there are some periods where the fixed asset turnover ratio has dropped, such as in the last quarter of 2022 and the first quarter of 2021, which could indicate a decrease in revenue generated from fixed assets relative to the investment in those assets.
Overall, Haemonetics Corporation's fixed asset turnover ratio has generally been above 3.5, indicating that the company is efficiently using its fixed assets to generate revenue. It is crucial for the company to continue monitoring and managing its fixed asset turnover to ensure optimal utilization of assets and maintain operational efficiency.
Peer comparison
Mar 31, 2024