Merit Medical Systems Inc (MMSI)
Fixed asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,346,822 | 1,311,388 | 1,282,089 | 1,260,472 | 1,241,203 | 1,213,421 | 1,188,414 | 1,165,681 | 1,144,662 | 1,131,114 | 1,111,439 | 1,096,568 | 1,069,451 | 1,049,645 | 1,025,702 | 962,507 | 955,554 | 955,472 | 953,411 | 990,405 |
| Property, plant and equipment | US$ in thousands | 386,165 | 389,653 | 385,939 | 383,661 | 383,523 | 383,326 | 384,362 | 387,450 | 382,976 | 376,156 | 371,451 | 371,909 | 371,658 | 373,456 | 373,801 | 378,177 | 382,728 | 383,804 | 383,629 | 384,860 |
| Fixed asset turnover | 3.49 | 3.37 | 3.32 | 3.29 | 3.24 | 3.17 | 3.09 | 3.01 | 2.99 | 3.01 | 2.99 | 2.95 | 2.88 | 2.81 | 2.74 | 2.55 | 2.50 | 2.49 | 2.49 | 2.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,346,822K ÷ $386,165K
= 3.49
The fixed asset turnover ratio of Merit Medical Systems Inc has been showing a positive trend over the analyzed period, starting at 2.57 on March 31, 2020, and steadily increasing to 3.49 by December 31, 2024. This indicates that the company is utilizing its fixed assets more efficiently to generate revenue. A higher fixed asset turnover ratio typically suggests that the company is effectively using its fixed assets to generate sales. The consistent improvement in this ratio reflects an efficient management of fixed assets and effective utilization of resources by Merit Medical Systems Inc.
Peer comparison
Dec 31, 2024