Henry Schein Inc (HSIC)
Fixed asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,266,000 | 12,632,000 | 12,551,000 | 12,491,000 | 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 | 10,131,110 | 10,650,600 | 11,433,890 | 12,325,530 |
| Property, plant and equipment | US$ in thousands | 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 | 329,645 | 311,123 | 315,422 | 315,393 |
| Fixed asset turnover | 10.57 | 26.65 | 28.59 | 31.54 | 13.32 | 35.52 | 35.67 | 35.30 | 33.79 | 34.94 | 33.74 | 30.47 | 29.51 | 29.20 | 28.12 | 31.12 | 30.73 | 34.23 | 36.25 | 39.08 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,266,000K ÷ $1,161,000K
= 10.57
Henry Schein Inc's fixed asset turnover ratio has exhibited fluctuations over the past few quarters. The ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets.
From December 2019 to March 2020, the fixed asset turnover increased steadily from 30.73 to 31.12, indicating an improvement in efficiency in utilizing fixed assets to generate sales. However, there was a decline in the ratio in the subsequent quarters, reaching a low of 13.32 by December 2022.
Subsequently, the trend reversed, and the fixed asset turnover ratio increased significantly, reaching a peak of 35.67 in June 2022. This sharp increase suggests that the company was able to generate significantly higher sales revenue relative to its investment in fixed assets during that period.
Despite some fluctuations, the fixed asset turnover ratio remained relatively high, with values above 25 in most quarters, indicating that Henry Schein Inc has been effective in utilizing its fixed assets to generate sales revenue efficiently.
Overall, the trend in the fixed asset turnover ratio for Henry Schein Inc indicates periods of both efficiency gains and fluctuations in the utilization of fixed assets to generate sales revenue. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance and asset efficiency.
Peer comparison
Dec 31, 2023