IDEXX Laboratories Inc (IDXX)
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 | 3,897,506 | 3,844,819 | 3,784,803 | 3,724,853 | 3,660,953 | 3,587,920 | 3,514,054 | 3,430,970 | 3,367,324 | 3,339,846 | 3,308,606 | 3,274,202 | 3,215,360 | 3,135,208 | 3,046,576 | 2,858,026 | 2,706,655 | 2,591,163 | 2,474,677 | 2,457,188 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 683,270 | 665,439 | 649,474 | 612,405 | 594,224 | 593,457 | 587,667 | 573,385 | 550,255 | 543,963 | 555,167 | 547,624 | 550,895 | 546,158 |
| Fixed asset turnover | — | — | — | — | — | — | 5.14 | 5.16 | 5.18 | 5.45 | 5.57 | 5.52 | 5.47 | 5.47 | 5.54 | 5.25 | 4.88 | 4.73 | 4.49 | 4.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,897,506K ÷ $—K
= —
IDEXX Laboratories Inc's fixed asset turnover ratio has shown a generally increasing trend from March 31, 2020 to June 30, 2022, indicating that the company is generating more revenue from its fixed assets over time. The ratio increased from 4.50 on March 31, 2020 to 5.57 on June 30, 2022, reaching its peak during this period.
After June 30, 2022, the fixed asset turnover ratio experienced some fluctuations, hovering around 5.45 to 5.18 by December 31, 2022. From March 31, 2023 onward, the data is not available (marked as "—"), suggesting that the specific values for this period and beyond are unknown.
Overall, the increasing trend in the fixed asset turnover ratio indicates that IDEXX Laboratories Inc has been efficient in generating revenue from its fixed assets during the analyzed period. However, without complete data for the latter period, it is challenging to provide a conclusive analysis of the company's fixed asset turnover going forward.
Peer comparison
Dec 31, 2024