Masimo Corporation (MASI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,039,900 | 2,053,900 | 2,073,900 | 1,239,150 | 1,143,740 |
| Property, plant and equipment | US$ in thousands | 381,600 | 424,400 | 402,500 | 272,800 | 272,511 |
| Fixed asset turnover | 5.35 | 4.84 | 5.15 | 4.54 | 4.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,039,900K ÷ $381,600K
= 5.35
Masimo Corporation's fixed asset turnover ratio has shown a consistent increase over the years, indicating improved efficiency in generating sales revenue from its fixed assets. The ratio increased from 4.20 in December 31, 2020, to 5.35 in December 31, 2024. This signifies that the company is utilizing its fixed assets more effectively to generate sales, which could be attributed to better asset management or increased operational efficiency. However, the slight decrease from 5.15 in December 31, 2022, to 4.84 in December 31, 2023, may warrant further investigation into potential factors that could have impacted this temporary dip in efficiency. Overall, Masimo Corporation's increasing fixed asset turnover ratio reflects positively on its operational performance and utilization of resources.
Peer comparison
Dec 31, 2024