Organon & Co (OGN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,403,000 | 6,263,000 | 6,174,000 | 6,304,000 | 8,096,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,233,000 | 973,000 | 1,089,000 |
| Fixed asset turnover | — | — | 5.01 | 6.48 | 7.43 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,403,000K ÷ $—K
= —
Organon & Co's fixed asset turnover ratio, which measures how efficiently the company is using its fixed assets to generate revenue, has shown a decreasing trend over the years. In December 2020, the ratio was 7.43, indicating that the company generated $7.43 in revenue for every dollar invested in fixed assets. By December 2021, the ratio decreased to 6.48, and further declined to 5.01 by December 2022.
However, the fixed asset turnover ratio for December 2023 and December 2024 is not available (\u2014), which may indicate incomplete data or potential issues with asset utilization during those periods. Overall, the declining trend in the fixed asset turnover ratio suggests a potential inefficiency in utilizing fixed assets to generate revenue, which may require further investigation and management attention to improve operational efficiency and profitability.
Peer comparison
Dec 31, 2024