Hologic Inc (HOLX)
Fixed asset turnover
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,030,300 | 3,960,600 | 3,969,300 | 4,030,400 | 4,038,300 | 4,056,600 | 4,465,800 | 4,862,700 | 5,226,100 | 5,391,700 | 5,493,600 | 5,632,300 | 5,662,700 | 5,317,300 | 4,535,800 | 3,776,500 | 3,295,300 | 3,324,800 | 3,387,100 | 3,367,300 |
| Property, plant and equipment | US$ in thousands | 537,800 | 524,800 | 527,000 | 517,000 | 493,300 | 497,900 | 494,300 | 481,600 | 490,100 | 506,900 | 554,300 | 564,700 | 551,100 | 533,600 | 514,500 | 491,500 | 456,200 | 445,300 | 452,000 | 470,900 |
| Fixed asset turnover | 7.49 | 7.55 | 7.53 | 7.80 | 8.19 | 8.15 | 9.03 | 10.10 | 10.66 | 10.64 | 9.91 | 9.97 | 10.28 | 9.96 | 8.82 | 7.68 | 7.22 | 7.47 | 7.49 | 7.15 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,030,300K ÷ $537,800K
= 7.49
Fixed asset turnover ratio is a key financial metric that measures a company's ability to generate revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales.
Looking at the data provided for Hologic Inc, we observe fluctuations in the fixed asset turnover ratio over time. The ratio has been consistently above 7, signaling that the company has been effectively utilizing its fixed assets to generate sales.
The trend shows a generally decreasing pattern from 2019 to 2020, with a slight increase in the last quarter of 2020. However, from 2020 to 2022, there is a significant upward trend in the fixed asset turnover ratio, indicating a more efficient use of fixed assets to generate sales.
The ratio peaked at 10.66 in the second quarter of 2022, suggesting a particularly efficient utilization of fixed assets during that period. Subsequently, the ratio remained relatively high, consistently above 9, until the first quarter of 2023, before experiencing a slight declining trend.
Overall, Hologic Inc's fixed asset turnover ratio demonstrates that the company has been effectively leveraging its fixed assets to generate revenue over the analyzed period, with some fluctuations in efficiency observed over time.
Peer comparison
Sep 30, 2024