Illumina Inc (ILMN)
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 | 4,372,000 | 4,390,000 | 4,429,000 | 4,493,000 | 4,504,000 | 4,465,000 | 4,461,000 | 4,447,000 | 4,583,000 | 4,699,000 | 4,692,000 | 4,656,000 | 4,526,000 | 4,280,000 | 3,966,000 | 3,473,000 | 3,239,000 | 3,238,000 | 3,351,000 | 3,556,000 |
| Property, plant and equipment | US$ in thousands | 815,000 | 832,000 | 859,000 | 964,000 | 1,007,000 | 1,040,000 | 1,069,000 | 1,082,000 | 1,091,000 | 1,068,000 | 1,055,000 | 1,034,000 | 1,024,000 | 1,009,000 | 915,000 | 915,000 | 922,000 | 910,000 | 890,000 | 890,000 |
| Fixed asset turnover | 5.36 | 5.28 | 5.16 | 4.66 | 4.47 | 4.29 | 4.17 | 4.11 | 4.20 | 4.40 | 4.45 | 4.50 | 4.42 | 4.24 | 4.33 | 3.80 | 3.51 | 3.56 | 3.77 | 4.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,372,000K ÷ $815,000K
= 5.36
The fixed asset turnover ratio for Illumina Inc has shown a generally increasing trend over the data period provided. The ratio measures how efficiently the company is generating revenue from its fixed assets.
From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio fluctuated between 3.51 and 4.42, indicating some variability in asset utilization during this period. However, from March 31, 2022, onwards, the ratio displayed a more consistent increase, reaching 5.36 by December 31, 2024.
This improvement suggests that Illumina Inc has been able to generate more revenue relative to its investment in fixed assets, indicating enhanced efficiency in asset management. A higher fixed asset turnover ratio typically signifies that the company is making better use of its fixed assets to generate sales.
Overall, the upward trend in the fixed asset turnover ratio for Illumina Inc reflects positively on the company's operational performance and suggests increasing efficiency in utilizing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024