Mesa Laboratories Inc (MLAB)

Fixed asset turnover

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Revenue US$ in thousands 216,187 219,080 184,335 133,937
Property, plant and equipment US$ in thousands 28,149 28,620 21,998
Fixed asset turnover 7.78 6.44 6.09

March 31, 2025 calculation

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

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. Mesa Laboratories Inc has shown a positive trend in its fixed asset turnover ratio over the years.

In March 2021, the fixed asset turnover was 6.09, indicating that Mesa Laboratories generated $6.09 in sales revenue for every dollar invested in fixed assets. By March 2023, this ratio had increased to 7.78, showing an improvement in efficiency in utilizing its fixed assets to generate sales.

The absence of data for the years 2024 and 2025 makes it challenging to analyze the trend further, but the overall increase in the fixed asset turnover ratio from 2021 to 2023 suggests that Mesa Laboratories has been successful in optimizing its fixed asset utilization over this period. This indicates that the company has been effective in managing and utilizing its fixed assets to drive sales growth.