Integer Holdings Corp (ITGR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,716,600 | 1,596,670 | 1,376,100 | 1,221,080 | 1,073,440 |
| Property, plant and equipment | US$ in thousands | — | — | 317,243 | 347,152 | 253,964 |
| Fixed asset turnover | — | — | 4.34 | 3.52 | 4.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,716,600K ÷ $—K
= —
Fixed asset turnover is an important financial ratio that measures a company's ability to generate sales from its investment in fixed assets. Integer Holdings Corp's fixed asset turnover has fluctuated over the past few years.
As of December 31, 2020, the fixed asset turnover was 4.23, indicating that the company generated $4.23 in sales for every dollar invested in fixed assets. This ratio decreased to 3.52 by December 31, 2021, suggesting a decline in efficiency in utilizing fixed assets to generate revenue.
However, the ratio improved significantly to 4.34 by December 31, 2022, showing a positive trend in the company's ability to generate sales from its fixed assets. Unfortunately, data for December 31, 2023, and December 31, 2024, are not available, making it challenging to assess the current efficiency of Integer Holdings Corp in this aspect.
Overall, the trend in fixed asset turnover for Integer Holdings Corp shows some variability, with a notable improvement in 2022. It would be beneficial to monitor future data to understand if this positive trend persists and to assess the company's ongoing efficiency in utilizing its fixed assets to drive sales.
Peer comparison
Dec 31, 2024