LeMaitre Vascular Inc (LMAT)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	219,863	193,484	161,651	154,424	129,366
Property, plant and equipment	US$ in thousands	—	—	17,901	32,130	15,036
Fixed asset turnover		—	—	9.03	4.81	8.60

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $219,863K ÷ $—K
= —

To analyze LeMaitre Vascular Inc's fixed asset turnover based on the provided data:

1. The fixed asset turnover ratio measures the efficiency of a company in generating sales revenue from its fixed assets. It is calculated by dividing net sales by average fixed assets.

2. In 2020, the fixed asset turnover ratio was 8.60, indicating that the company generated $8.60 in sales for every dollar invested in fixed assets. This high ratio suggests efficient utilization of fixed assets to generate revenue.

3. However, there was a decline in the fixed asset turnover ratio in 2021 to 4.81, which may indicate decreased efficiency in utilizing fixed assets to generate sales revenue. Further analysis is required to understand the reasons behind this decline.

4. The ratio improved in 2022 to 9.03, surpassing the 2020 level, signaling improved efficiency in generating sales from fixed assets. This increase could be the result of operational improvements or better asset utilization strategies.

5. For 2023 and 2024, the data is not available ("—"), making it difficult to assess the trend in fixed asset turnover for these years. Additional information would be needed to provide a thorough analysis for these periods.

Overall, the fluctuations in LeMaitre Vascular Inc's fixed asset turnover ratio indicate changes in efficiency in utilizing fixed assets to generate sales revenue, highlighting the importance of monitoring this ratio over time to assess operational performance and asset utilization strategies.