ICU Medical Inc (ICUI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,382,050 | 2,259,130 | 2,280,000 | 1,316,310 | 1,271,000 |
| Property, plant and equipment | US$ in thousands | — | — | 713,575 | 468,365 | 466,628 |
| Fixed asset turnover | — | — | 3.20 | 2.81 | 2.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,382,050K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which a company generates revenue from its investment in fixed assets. Looking at the data provided for ICU Medical Inc, we observe a steady increase in the fixed asset turnover ratio over the years, from 2.72 in December 31, 2020, to 3.20 in December 31, 2022. This indicates that the company is becoming more efficient in utilizing its fixed assets to generate sales.
However, it is notable that the data for December 31, 2023 and December 31, 2024 is not available (indicated by "—"), making it challenging to assess the trend further. In conclusion, based on the available information, ICU Medical Inc has shown improvement in its fixed asset turnover ratio, reflecting enhanced efficiency in utilizing its fixed assets to drive revenue.
Peer comparison
Dec 31, 2024