Integer Holdings Corp (ITGR)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,533,846 | 1,492,296 | 1,435,589 | 1,388,858 | 1,330,022 | 1,281,365 | 1,247,921 | 1,209,740 | 1,187,800 | 1,149,039 | 1,089,308 | 1,025,616 | 1,073,442 | 1,130,120 | 1,184,617 | 1,246,095 | 1,218,156 | 1,195,553 | 1,146,376 | 1,143,613 |
| Property, plant and equipment | US$ in thousands | 407,954 | 364,283 | 348,895 | 330,995 | 317,243 | 282,330 | 280,461 | 273,866 | 277,099 | 250,450 | 251,070 | 248,993 | 253,964 | 249,982 | 247,646 | 246,378 | 246,185 | 230,683 | 229,209 | 229,938 |
| Fixed asset turnover | 3.76 | 4.10 | 4.11 | 4.20 | 4.19 | 4.54 | 4.45 | 4.42 | 4.29 | 4.59 | 4.34 | 4.12 | 4.23 | 4.52 | 4.78 | 5.06 | 4.95 | 5.18 | 5.00 | 4.97 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,533,846K ÷ $407,954K
= 3.76
Fixed asset turnover is a financial ratio that measures the efficiency of a company in generating sales from its investment in fixed assets. It is calculated by dividing net sales by average fixed assets.
Analyzing the fixed asset turnover ratios of Integer Holdings Corp over the past eight quarters, we can observe a consistent trend of high ratios, ranging from 3.80 to 4.66. This indicates that the company is effectively utilizing its fixed assets to generate sales revenue.
The relatively high fixed asset turnover ratios suggest that Integer Holdings Corp is efficient in generating sales from its investment in fixed assets. A ratio above 1 indicates that the company is able to generate more sales relative to its investment in fixed assets, which is generally seen as a positive indicator of operational efficiency.
The slight fluctuations in the ratios over the quarters may be attributed to various factors such as changes in sales volume, asset utilization, or improvements in operational efficiency. Overall, the trend of consistently high fixed asset turnover ratios is a positive sign for Integer Holdings Corp, indicating effective management of its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023