LeMaitre Vascular Inc (LMAT)

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	219,863	213,029	205,621	199,887	193,484	185,555	177,172	169,165	161,651	160,200	159,540	158,102	154,424	152,469	150,517	134,698	129,366	121,988	114,672	119,304
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	21,217	19,242	17,901	31,136	32,043	31,370	32,130	16,997	32,038	15,200	15,036	14,133	15,685	14,791
Fixed asset turnover		—	—	—	—	—	—	8.35	8.79	9.03	5.15	4.98	5.04	4.81	8.97	4.70	8.86	8.60	8.63	7.31	8.07

December 31, 2024 calculation

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

LeMaitre Vascular Inc's fixed asset turnover ratio has displayed some fluctuations over the years, based on the provided data. The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue.

From March 31, 2020, to December 31, 2022, the company's fixed asset turnover ratio showed a generally increasing trend, reaching a peak of 9.03 on December 31, 2022. This indicates that LeMaitre Vascular was generating more revenue relative to its investment in fixed assets during this period.

However, starting from June 30, 2021, there was a noticeable decline in the fixed asset turnover ratio, with values dropping significantly to 4.70 on June 30, 2021, and 4.81 on December 31, 2021. This could suggest either slower revenue growth or a substantial increase in the value of fixed assets during that period, which could have impacted the ratio negatively.

Between March 31, 2023, and June 30, 2023, the fixed asset turnover ratio increased slightly, indicating a potential improvement in the company's efficiency in generating revenue from fixed assets.

As of the latest available data, the fixed asset turnover ratio stands at 8.35 on June 30, 2023. However, there is missing data for the subsequent periods, indicating a lack of information to assess further trends in the efficiency of fixed asset utilization.

Overall, an increasing fixed asset turnover ratio generally indicates better efficiency in generating revenue from fixed assets, while a declining ratio could signal potential issues that require further investigation to understand the underlying factors influencing the company's operational performance in utilizing its fixed assets.