Illumina Inc (ILMN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,372,000 | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 |
| Property, plant and equipment | US$ in thousands | 815,000 | 1,007,000 | 1,091,000 | 1,024,000 | 922,000 |
| Fixed asset turnover | 5.36 | 4.47 | 4.20 | 4.42 | 3.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,372,000K ÷ $815,000K
= 5.36
The fixed asset turnover ratio for Illumina Inc has shown an increasing trend over the past five years. It was 3.51 in December 31, 2020, and has steadily increased to reach 5.36 by December 31, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. The higher the fixed asset turnover ratio, the more efficiently the company is utilizing its fixed assets to generate sales. Overall, the increasing trend in the fixed asset turnover ratio suggests improved efficiency and effectiveness in utilizing fixed assets to drive revenue growth for Illumina Inc.
Peer comparison
Dec 31, 2024