Envista Holdings Corp (NVST)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,560,900 | 2,546,100 | 2,549,700 | 2,544,100 | 2,565,100 | 2,583,600 | 2,571,400 | 2,569,200 | 2,550,300 | 2,514,600 | 2,547,800 | 2,272,600 | 2,207,200 | 2,270,200 | |||
| Property, plant and equipment | US$ in thousands | 309,600 | 304,000 | 300,100 | 297,600 | 293,600 | 277,200 | 264,100 | 264,200 | 264,100 | 266,100 | 303,900 | 295,700 | 274,600 | 296,800 | 294,300 | 289,500 | 290,300 |
| Fixed asset turnover | 8.27 | 8.38 | 8.50 | 8.55 | 8.74 | 9.32 | 9.74 | 9.72 | 9.66 | 9.45 | 8.38 | 7.69 | 8.04 | 7.65 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,560,900K ÷ $309,600K
= 8.27
The fixed asset turnover ratio of Envista Holdings Corp has remained relatively stable over the past eight quarters, ranging from 8.29 to 9.20. This indicates that the company generates between $8.29 to $9.20 in sales for every $1 of fixed assets it owns.
A consistently high fixed asset turnover ratio suggests that Envista is effectively utilizing its fixed assets to generate revenue. A higher ratio means the company is generating more revenue per dollar spent on fixed assets, indicating operational efficiency.
The fluctuations in the ratio over the quarters may be influenced by factors such as changes in sales volume, production efficiency, or possibly changes in the value of fixed assets. Overall, the trend of the fixed asset turnover ratio indicates that Envista Holdings Corp is efficiently utilizing its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023