Medtronic PLC (MDT)
Fixed asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,537,000 | 33,199,000 | 34,610,000 | 34,296,000 | 34,282,000 | 33,677,000 | 31,778,000 | 31,391,000 | 31,065,000 | 31,626,000 | 33,220,000 | 33,245,000 | 33,240,000 | 32,280,000 | 30,315,000 | 29,959,000 | 29,518,000 | 30,022,000 | 30,506,000 | 30,898,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,131,000 | — | 5,838,000 | 5,735,000 | 5,735,000 | 5,665,000 | 5,665,000 | 5,569,000 | 5,569,000 | 5,437,000 | 5,437,000 | 5,298,000 | 5,298,000 | 5,280,000 | 5,281,000 |
| Fixed asset turnover | — | — | — | — | — | 5.49 | — | 5.38 | 5.42 | 5.51 | 5.86 | 5.87 | 5.97 | 5.80 | 5.58 | 5.51 | 5.57 | 5.67 | 5.78 | 5.85 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $33,537,000K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales from its investments in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that a company is generating more sales from its fixed assets.
Analyzing the fixed asset turnover of Medtronic PLC over the past quarters shows a consistent performance. The ratio has been relatively stable, ranging between 5.38 and 5.97. This indicates that Medtronic is efficiently utilizing its fixed assets to generate revenue.
The slight fluctuations in the ratio over the quarters may be attributed to changes in sales volume or changes in the value of fixed assets. However, the overall trend demonstrates that Medtronic is effectively leveraging its investments in fixed assets to drive sales.
It is worth noting that the fixed asset turnover ratio for the most recent periods is not available (marked as "—"), which limits our ability to assess the current efficiency of Medtronic's fixed asset utilization. Monitoring this ratio in future periods will be crucial to evaluate any changes in the company's performance in this aspect.
Peer comparison
Apr 30, 2025