IDEXX Laboratories Inc (IDXX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,897,500 | 3,660,950 | 3,367,320 | 3,215,360 | 2,706,660 |
| Property, plant and equipment | US$ in thousands | — | — | 649,474 | 587,667 | 555,167 |
| Fixed asset turnover | — | — | 5.18 | 5.47 | 4.88 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,897,500K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets. IDEXX Laboratories Inc has shown a consistent improvement in its fixed asset turnover over the years, with the ratio increasing from 4.88 in December 31, 2020, to 5.47 in December 31, 2021, and then slightly decreasing to 5.18 in December 31, 2022. However, it is worth noting that the data for the years December 31, 2023, and December 31, 2024, is unavailable (marked as '—'). Overall, the company's trend in fixed asset turnover indicates efficient utilization of fixed assets to generate sales, which is a positive indicator of operational effectiveness and potential for profitability.
Peer comparison
Dec 31, 2024