ICU Medical Inc (ICUI)

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 2,381,346 2,339,530 2,303,710 2,256,565 2,259,259 2,249,284 2,293,830 2,305,524 2,279,997 2,042,508 1,780,711 1,541,384 1,316,308 1,296,234 1,278,741 1,260,443 1,271,004 1,266,076 1,254,980 1,263,883
Property, plant and equipment US$ in thousands — — — — — — 616,540 624,112 713,575 656,383 751,106 674,412 468,365 499,020 502,100 459,072 466,628 456,348 454,824 455,624
Fixed asset turnover — — — — — — 3.72 3.69 3.20 3.11 2.37 2.29 2.81 2.60 2.55 2.75 2.72 2.77 2.76 2.77

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,381,346K ÷ $—K
= —

The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is generating more sales from its investment in fixed assets.

Based on the data provided for ICU Medical Inc, we can see that the fixed asset turnover ratio fluctuated over the reported periods. The ratio was relatively stable around the range of 2.5 to 3.0 from March 31, 2020, to June 30, 2022. From September 30, 2022, to June 30, 2023, there was a notable increase in the ratio, reaching a peak of 3.72.

However, the data for the last four quarters (from September 30, 2023, to December 31, 2024) is missing, denoted by "—". This missing data prevents a complete analysis of the trend for the most recent periods.

Overall, ICU Medical Inc's fixed asset turnover ratio demonstrates fluctuations over time, suggesting varying levels of efficiency in utilizing its fixed assets to generate sales. Further analysis would be needed to understand the reasons behind these fluctuations and assess the company's operational performance in managing its fixed assets effectively.