Envista Holdings Corp (NVST)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,507,800 | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 |
| Property, plant and equipment | US$ in thousands | 277,000 | 309,600 | 293,600 | 264,100 | 274,600 |
| Fixed asset turnover | 9.05 | 8.29 | 8.75 | 9.50 | 7.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,507,800K ÷ $277,000K
= 9.05
The fixed asset turnover ratio for Envista Holdings Corp has shown a positive trend over the past five years. Starting at 7.03 in December 31, 2020, the ratio steadily increased to 9.50 by December 31, 2021, indicating that the company generated $9.50 in net sales for every dollar invested in fixed assets. Although there was a slight decrease to 8.75 by December 31, 2022, the ratio remained relatively high, suggesting efficient utilization of fixed assets to generate sales revenue.
In the subsequent years, the fixed asset turnover ratio stayed above 8, reaching a peak of 9.05 by December 31, 2024. This indicates that Envista Holdings Corp has been effectively deploying its fixed assets to drive revenue growth and maximize operational efficiency. Overall, the trend reflects a positive performance in terms of utilizing fixed assets to generate sales, showcasing the company's operational effectiveness and potential for continued growth.
Peer comparison
Dec 31, 2024