IPG Photonics Corporation (IPGP)

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	977,134	1,041,690	1,109,948	1,192,274	1,287,439	1,322,085	1,369,690	1,406,742	1,429,547	1,460,475	1,490,619	1,485,254	1,460,860	1,433,023	1,372,314	1,297,067	1,200,724	1,170,721	1,181,418	1,248,776
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	609,344	594,273	596,125	661,510	680,321	625,366	635,302	624,576	612,420	600,911	597,527	576,398	585,644	580,980
Fixed asset turnover		—	—	—	—	—	—	2.25	2.37	2.40	2.21	2.19	2.38	2.30	2.29	2.24	2.16	2.01	2.03	2.02	2.15

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $977,134K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenues from its investment in fixed assets. For IPG Photonics Corporation, the fixed asset turnover has shown a generally positive trend over the past few years.

The fixed asset turnover increased from 2.15 as of March 31, 2020, to 2.40 as of December 31, 2022. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets during this period.

However, there was a slight decline in the fixed asset turnover to 2.25 as of June 30, 2023, before increasing again to 2.37 as of March 31, 2024. This may suggest some fluctuations in the company's efficiency in utilizing its fixed assets to generate sales.

It is worth noting that the fixed asset turnover ratio was not reported for the last few quarters of the data provided. This could be due to various reasons such as changes in the company's reporting practices or certain events affecting the calculation of this ratio.

Overall, the increasing trend in fixed asset turnover for IPG Photonics Corporation indicates improved efficiency in utilizing its fixed assets to generate revenues, which is a positive sign for the company's operational performance and financial health.