Moderna Inc (MRNA)

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	3,229,000	5,076,000	5,052,000	5,155,000	6,826,000	9,097,000	10,486,000	14,708,000	18,810,000	20,675,000	22,284,000	21,933,000	17,736,000	11,016,375	6,199,591	2,013,033	274,490	55,668	56,790	38,378
Property, plant and equipment	US$ in thousands	—	—	—	—	—	2,717,000	2,410,000	—	2,139,000	2,132,000	1,446,000	1,473,000	1,383,000	960,000	898,000	461,000	387,090	368,593	321,985	302,599
Fixed asset turnover		—	—	—	—	—	3.35	4.35	—	8.79	9.70	15.41	14.89	12.82	11.48	6.90	4.37	0.71	0.15	0.18	0.13

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,229,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales from its fixed assets. A higher fixed asset turnover indicates that the company is making more efficient use of its fixed assets to generate revenue.

Analyzing Moderna Inc's fixed asset turnover over the historical period, we observe a significant increase in the ratio, starting from a low of 0.13 in March 2020 to a peak of 15.41 in June 2022. This substantial improvement suggests that Moderna has been able to increase its sales relative to its investment in fixed assets.

However, the ratio experienced a decline in the subsequent periods, dropping to 4.35 in June 2023 and further to 3.35 in September 2023. This decline could indicate that Moderna's sales growth has slowed down relative to its fixed asset base during these periods.

The ratio showed some fluctuation in the later periods, settling at 8.79 in December 2022. The absence of data for the subsequent periods makes it challenging to provide a more current analysis of Moderna's fixed asset turnover.

Overall, the trend in Moderna's fixed asset turnover showcases periods of significant improvement in asset utilization efficiency, followed by some fluctuations and declines. Analyzing this ratio alongside other financial metrics can provide a more comprehensive understanding of the company's operational performance and future prospects.