Henry Schein Inc (HSIC)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,611,000 | 12,408,000 | 12,371,000 | 12,348,000 | 12,252,000 | 12,618,000 | 12,537,000 | 12,477,000 | 12,603,000 | 12,573,770 | 12,696,850 | 12,636,700 | 12,383,180 | 12,225,710 | 11,875,670 | 10,588,730 | 10,091,310 | 9,779,720 | 9,447,070 | 10,208,200 |
| Property, plant and equipment | US$ in thousands | 1,194,000 | 540,000 | 518,000 | 500,000 | 1,161,000 | 474,000 | 439,000 | 396,000 | 946,000 | 354,000 | 356,000 | 358,000 | 366,456 | 349,890 | 351,951 | 347,467 | 342,004 | 334,954 | 335,898 | 328,033 |
| Fixed asset turnover | 10.56 | 22.98 | 23.88 | 24.70 | 10.55 | 26.62 | 28.56 | 31.51 | 13.32 | 35.52 | 35.67 | 35.30 | 33.79 | 34.94 | 33.74 | 30.47 | 29.51 | 29.20 | 28.12 | 31.12 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,611,000K ÷ $1,194,000K
= 10.56
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. The ratio is calculated by dividing net sales by average fixed assets. In the case of Henry Schein Inc, the fixed asset turnover fluctuated over the period from March 31, 2020, to December 31, 2024.
The trend in Henry Schein Inc's fixed asset turnover shows a generally increasing pattern from March 31, 2020, to June 30, 2022, reaching a peak of 35.67 in June 30, 2022. This indicates that the company was able to generate more sales revenue relative to its investment in fixed assets during this period, reflecting improved operational efficiency.
However, from September 30, 2022, to December 31, 2024, the fixed asset turnover decreased significantly, reaching a low of 10.56 by December 31, 2024. This decline suggests that Henry Schein Inc's ability to generate sales from its fixed assets deteriorated during this period, potentially indicating inefficiencies or underutilization of fixed assets.
Overall, it is important for investors and analysts to closely monitor fluctuations in fixed asset turnover as it provides insights into a company's operational efficiency and asset utilization, offering valuable information for assessing the company's financial performance and management of its fixed asset base.
Peer comparison
Dec 31, 2024