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