Mesa Laboratories Inc (MLAB)

Fixed asset turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Revenue (ttm)	US$ in thousands	240,978	237,747	228,380	223,712	216,187	212,874	213,688	219,272	219,080	222,368	222,777	199,868	184,335	163,420	142,896	138,916	133,937	130,181	127,664	121,340
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	27,953	28,149	28,263	28,222	28,006	28,620	30,152	22,392	21,998	21,998	22,295	22,309	21,796
Fixed asset turnover		—	—	—	—	—	—	—	7.84	7.78	7.87	7.89	7.14	6.44	5.42	6.38	6.31	6.09	5.84	5.72	5.57

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $240,978K ÷ $—K
= —

The fixed asset turnover ratio for Mesa Laboratories Inc has shown a consistent upward trend over the past few years. Starting at 5.57 in June 2020, the ratio increased to 7.14 by June 2022, reflecting an efficient use of fixed assets to generate sales revenue.

This upward trend indicates that Mesa Laboratories Inc has been able to generate more sales revenue for each dollar invested in fixed assets. A higher fixed asset turnover ratio generally signifies better asset utilization and operational efficiency.

However, there was a slight dip in the ratio in December 2022 to 5.42 before rebounding to 7.87 by December 2022. This fluctuation could be due to changes in production levels, asset investments, or other operational factors.

As of March 31, 2025, the fixed asset turnover ratio data is not available, so it is difficult to ascertain the latest trend. Overall, the increasing trend in the fixed asset turnover ratio indicates that Mesa Laboratories Inc has been effectively utilizing its fixed assets to drive sales and improve operational efficiency.