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.