Integer Holdings Corp (ITGR)
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 | 1,732,282 | 1,695,936 | 1,669,212 | 1,632,683 | 1,596,673 | 1,555,945 | 1,493,932 | 1,443,969 | 1,376,096 | 1,316,688 | 1,279,582 | 1,241,524 | 1,221,079 | 1,177,023 | 1,107,391 | 1,035,483 | 1,073,442 | 1,130,120 | 1,197,765 | 1,271,844 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 440,965 | 348,895 | 330,995 | 317,243 | 282,330 | 356,238 | 273,866 | 347,152 | 297,321 | 299,598 | 299,426 | 253,964 | 249,982 | 247,646 | 246,378 |
| Fixed asset turnover | — | — | — | — | — | 3.53 | 4.28 | 4.36 | 4.34 | 4.66 | 3.59 | 4.53 | 3.52 | 3.96 | 3.70 | 3.46 | 4.23 | 4.52 | 4.84 | 5.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,732,282K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its fixed assets.
From the data provided for Integer Holdings Corp, we observe fluctuations in the fixed asset turnover ratio over the years. The trend shows a gradual decline from around 5.16 in March 2020 to 3.53 in September 2023.
A high fixed asset turnover ratio indicates that the company efficiently utilizes its fixed assets to generate sales. In contrast, a low ratio may suggest underutilization of fixed assets or potentially inefficient operations.
Integer Holdings Corp's ratio displayed some variability, suggesting potential changes in the company's asset utilization efficiency over time. It is crucial for stakeholders to closely monitor this ratio to assess whether the company is effectively leveraging its fixed assets to drive revenue growth. A closer examination of the underlying reasons for the fluctuations in the fixed asset turnover ratio could provide insights into Integer Holdings Corp's operational performance and efficiency in capital allocation.
Peer comparison
Dec 31, 2024