Incyte Corporation (INCY)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,209,569 | 3,949,271 | 3,765,356 | 3,693,101 | 3,609,260 | 3,513,520 | 3,470,962 | 3,395,993 | 3,330,147 | 3,320,472 | 3,114,784 | 2,986,267 | 2,912,923 | 2,720,579 | 2,702,913 | 2,666,702 | 2,456,582 | 2,387,520 | 2,229,409 | 2,158,759 |
| Property, plant and equipment | US$ in thousands | 763,411 | 773,102 | 719,999 | 751,513 | 733,046 | 749,352 | 741,701 | 739,310 | 715,733 | 721,328 | 729,217 | 723,920 | 686,718 | 661,360 | 594,670 | 559,625 | 498,335 | 453,777 | 410,034 | 377,567 |
| Fixed asset turnover | 5.51 | 5.11 | 5.23 | 4.91 | 4.92 | 4.69 | 4.68 | 4.59 | 4.65 | 4.60 | 4.27 | 4.13 | 4.24 | 4.11 | 4.55 | 4.77 | 4.93 | 5.26 | 5.44 | 5.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,209,569K ÷ $763,411K
= 5.51
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. For Incyte Corporation, the fixed asset turnover ratio has shown a gradual decline over the periods provided. Starting at 5.72 on December 31, 2019, the ratio decreased to 4.77 by December 31, 2020, indicating a decrease in the company's efficiency in generating revenue from its fixed assets.
The trend continued with fluctuations but generally declining values, hitting a low of 4.11 on June 30, 2021. The ratio began to show a slight improvement from March 31, 2022, reaching 5.11 by September 30, 2024, and peaking at 5.51 by December 31, 2024. This improvement suggests that Incyte Corporation was able to increase its revenue generated from fixed assets during this period.
Overall, understanding the fixed asset turnover ratio helps in evaluating how effectively the company is utilizing its fixed assets to generate sales. The upward trend observed from 2022 to 2024 may indicate improved operational efficiency or strategic changes in asset utilization within Incyte Corporation.
Peer comparison
Dec 31, 2024