OSI Systems Inc (OSIS)

Fixed asset turnover

		Jun 30, 2025	Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	1,713,166	1,689,088	1,650,140	1,603,555	1,538,758	1,469,721	1,367,204	1,289,566	1,278,427	1,203,378	1,190,966	1,172,050	1,183,236	1,178,613	1,171,923	1,171,251	1,146,902	1,091,671	1,100,767	1,130,100
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	—	108,933	109,139	107,763	145,674	109,684	112,755	116,115	116,814	118,004	125,477	127,875	127,705
Fixed asset turnover		—	—	—	—	—	—	—	—	11.74	11.03	11.05	8.05	10.79	10.45	10.09	10.03	9.72	8.70	8.61	8.85

June 30, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,713,166K ÷ $—K
= —

The fixed asset turnover ratio for OSI Systems Inc. demonstrates fluctuations over the analyzed period from September 2020 through June 2023. Initially, in September 2020, the ratio stood at 8.85, indicating the company's efficiency in generating revenue from its fixed assets was relatively moderate. Over the subsequent quarters, there was a slight decline by the end of 2020, with the ratio decreasing to 8.61 in December, and a marginal rebound to 8.70 by March 2021.

Beginning in June 2021, a notable upward trend emerged, with the ratio increasing to 9.72, reflecting improved utilization efficiency of fixed assets. This positive trend continued through 2021 and into the first half of 2022, reaching 10.79 in June 2022, which signifies an enhanced capacity to generate revenue per dollar invested in fixed assets.

However, in the third quarter of 2022, a decline was observed, with the ratio decreasing sharply to 8.05, potentially indicating temporary operational or investment adjustments affecting asset productivity. Subsequently, a recovery occurred, and by the end of 2022, the fixed asset turnover had risen to 11.05. This upward movement persisted into the first quarter of 2023, with the ratio slightly declining to 11.03, and continuing to improve in the second quarter, reaching 11.74, the highest point within the observed timeframe.

Overall, the ratio reflects a period of increasing efficiency in asset utilization from mid-2021 through mid-2023, despite some fluctuations. The data beyond June 2023 is not available for further analysis. The pattern suggests that OSI Systems Inc. has been managing its fixed assets effectively, particularly during the 2022-2023 period, although external or internal factors causing the dip in late 2022 should be considered for a comprehensive assessment.