Medtronic PLC (MDT)

Fixed asset turnover

		Apr 30, 2025	Apr 30, 2024	Apr 26, 2024	Apr 30, 2023	Apr 28, 2023
Revenue	US$ in thousands	33,537,000	32,364,000	32,961,000	31,227,000	31,528,000
Property, plant and equipment	US$ in thousands	—	—	6,131,000	6,610,000	5,569,000
Fixed asset turnover		—	—	5.38	4.72	5.66

April 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $33,537,000K ÷ $—K
= —

The fixed asset turnover ratio is a measure of how efficiently a company is using its fixed assets to generate revenue. In the case of Medtronic PLC, the fixed asset turnover ratio has shown some fluctuations over the years.

As of April 28, 2023, the fixed asset turnover ratio was 5.66, indicating that for every dollar invested in fixed assets, the company generated $5.66 in sales. This high ratio suggests that Medtronic PLC was utilizing its fixed assets effectively to generate revenue.

However, by April 30, 2023, the fixed asset turnover ratio decreased to 4.72, which may indicate a slight decrease in the efficiency of fixed asset utilization compared to the previous period.

In the subsequent years, the fixed asset turnover ratio improved, reaching 5.38 by April 26, 2024. This indicates that the company was able to generate more revenue for every dollar invested in fixed assets.

Unfortunately, data for April 30, 2024, and April 30, 2025, is not available (denoted by "—"), making it difficult to provide a complete analysis for those periods.

Overall, Medtronic PLC has shown varying levels of efficiency in utilizing its fixed assets to generate revenue over the years, with improvements seen in some periods. Monitoring this ratio going forward will be important in assessing the company's operational efficiency and asset management strategies.