Illumina Inc (ILMN)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 | 3,543,000 |
| Property, plant and equipment | US$ in thousands | 1,007,000 | 1,091,000 | 1,024,000 | 922,000 | 889,000 |
| Fixed asset turnover | 4.47 | 4.20 | 4.42 | 3.51 | 3.99 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,504,000K ÷ $1,007,000K
= 4.47
The fixed asset turnover ratio for Illumina Inc has shown a generally positive trend over the past five years, indicating the company's efficiency in generating revenue from its investment in fixed assets. In 2023, the fixed asset turnover ratio increased to 4.47 from 4.20 in 2022, reaching a peak over the period analyzed. This improvement suggests that Illumina has been more effective in utilizing its fixed assets to generate sales revenue.
Comparing to previous years, the company's fixed asset turnover ratio was relatively stable, ranging from 3.51 in 2021 to 4.42 in 2022. This indicates that Illumina was consistently efficient in utilizing its fixed assets to generate sales during this period.
Overall, the increasing trend in fixed asset turnover ratio for Illumina signifies the company's ability to efficiently manage and utilize its fixed assets to generate revenue, which is a positive indicator of its operational effectiveness and financial performance.
Peer comparison
Dec 31, 2023