Merit Medical Systems Inc (MMSI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,354,690 | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 |
| Property, plant and equipment | US$ in thousands | 386,165 | 383,523 | 382,976 | 371,658 | 382,728 |
| Fixed asset turnover | 3.51 | 3.22 | 2.98 | 2.88 | 2.49 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,354,690K ÷ $386,165K
= 3.51
The fixed asset turnover ratio of Merit Medical Systems Inc has shown a positive trend over the past five years, increasing from 2.49 in December 31, 2020, to 3.51 in December 31, 2024. This indicates that the company has been more efficient in generating revenue from its fixed assets over this period. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales. This can be a positive sign of operational efficiency and effective asset management within the company. The consistent improvement in this ratio suggests that Merit Medical Systems Inc has been making better use of its fixed assets to drive revenue growth, which may lead to increased profitability in the long term.
Peer comparison
Dec 31, 2024