IPG Photonics Corporation (IPGP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 977,134 | 1,287,440 | 1,429,550 | 1,460,860 | 1,200,720 |
| Property, plant and equipment | US$ in thousands | — | — | 596,125 | 635,302 | 597,527 |
| Fixed asset turnover | — | — | 2.40 | 2.30 | 2.01 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $977,134K ÷ $—K
= —
The fixed asset turnover ratio of IPG Photonics Corporation has shown a steady increase over the past few years. It was 2.01 in December 31, 2020, and has improved to 2.30 in December 31, 2021, and further to 2.40 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency. However, it is notable that the data is missing for December 31, 2023 and December 31, 2024, which could be due to various reasons such as changes in reporting practices or incomplete information. Overall, the trend suggests that IPG Photonics Corporation has been effectively utilizing its fixed assets to generate sales revenue.
Peer comparison
Dec 31, 2024