Medtronic PLC (MDT)
Fixed asset turnover
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,199,000 | 34,610,000 | 34,296,000 | 34,282,000 | 33,677,000 | 31,778,000 | 31,391,000 | 31,065,000 | 31,625,000 | 33,219,000 | 33,244,000 | 33,239,000 | 32,280,000 | 30,315,000 | 29,959,000 | 29,518,000 | 30,022,000 | 30,506,000 | 30,898,000 | 31,419,000 |
| 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 | 5,413,000 |
| 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 | 5.80 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $33,199,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. For Medtronic PLC, the fixed asset turnover ratio has shown some fluctuations over the past few years.
From April 30, 2022, to January 31, 2023, the ratio remained relatively stable, ranging between 5.51 and 5.85, indicating that Medtronic was able to generate revenue efficiently from its fixed assets during this period.
However, from January 31, 2023, to April 30, 2023, there was a significant increase in the ratio, reaching 5.97, which suggests a more efficient utilization of fixed assets to generate revenue.
Subsequently, the ratio fluctuated with a downward trend from July 2013 to October 2013, decreasing to 5.42 by October 31, 2023, and further dropping to 5.38 by January 26, 2024.
It is worth noting that the fixed asset turnover ratio was not available for January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025, which indicates a lack of data for the calculation of the ratio during those periods.
Overall, the trend in Medtronic's fixed asset turnover ratio shows periods of efficiency in generating revenue from fixed assets, with some fluctuations over time. Further analysis of the company's financial performance and operational efficiency would be needed to understand the reasons behind these fluctuations.
Peer comparison
Jan 31, 2025