LivaNova PLC (LIVN)

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	1,093,987	1,057,777	1,026,749	989,010	971,142	983,022	925,125	933,289	932,621	932,112	974,900	901,723	907,604	925,639	964,065	1,062,089	1,073,680	1,083,073	1,091,319	1,105,702
Property, plant and equipment	US$ in thousands	154,181	149,302	149,568	149,060	147,187	139,162	143,312	147,957	150,066	152,728	157,415	157,892	163,805	190,509	185,670	183,534	181,354	179,507	185,098	185,947
Fixed asset turnover		7.10	7.08	6.86	6.63	6.60	7.06	6.46	6.31	6.21	6.10	6.19	5.71	5.54	4.86	5.19	5.79	5.92	6.03	5.90	5.95

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,093,987K ÷ $154,181K
= 7.10

The fixed asset turnover ratio for LivaNova PLC has been relatively stable over the past eight quarters, ranging from 6.94 to 7.49. This indicates that the company is generating approximately $7.00 to $7.50 in revenue for every dollar invested in fixed assets. A consistently high fixed asset turnover ratio signifies that LivaNova is effectively utilizing its fixed assets to generate sales. This efficiency is a positive indication of the company's operational performance and ability to generate revenue from its investment in fixed assets.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

LivaNova PLC

LIVN

7.10

BioLife Solutions Inc