Hologic Inc (HOLX)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,030,400 | 4,862,800 | 5,632,300 | 3,776,400 | 3,367,300 |
| Property, plant and equipment | US$ in thousands | 517,000 | 481,600 | 564,700 | 491,500 | 470,900 |
| Fixed asset turnover | 7.80 | 10.10 | 9.97 | 7.68 | 7.15 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,030,400K ÷ $517,000K
= 7.80
Hologic Inc.'s fixed asset turnover has shown some fluctuations over the past five years. The ratio measures how efficiently the company is using its fixed assets to generate revenue. A higher turnover typically indicates better utilization of fixed assets. In 2023, the fixed asset turnover decreased to 7.80 from 10.10 in 2022, suggesting a decrease in efficiency in using fixed assets to generate revenue. However, the ratio remains relatively high compared to 2019 and 2020, indicating that the company is still utilizing its fixed assets efficiently. Further investigation into the company's investment in fixed assets and its revenue generation may provide more insights into this trend.
Peer comparison
Sep 30, 2023