LivaNova PLC (LIVN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,223,070 | 1,093,990 | 973,933 | 923,733 | 894,804 |
| Property, plant and equipment | US$ in thousands | 170,260 | 154,181 | 147,187 | 150,066 | 163,805 |
| Fixed asset turnover | 7.18 | 7.10 | 6.62 | 6.16 | 5.46 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,223,070K ÷ $170,260K
= 7.18
The fixed asset turnover ratio for LivaNova PLC has shown a positive trend over the past five years, increasing from 5.46 in December 31, 2020, to 7.18 in December 31, 2024. This indicates that the company has been able to generate more sales revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio typically reflects efficient utilization of fixed assets to generate sales. LivaNova PLC's consistent improvement in fixed asset turnover suggests that the company has been effectively managing its fixed assets to drive revenue growth and optimize operational efficiency. This trend is a positive signal for investors and indicates the company's ability to generate strong returns from its investment in fixed assets.
Peer comparison
Dec 31, 2024