Penumbra Inc (PEN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,194,620 | 1,058,520 | 847,133 | 747,590 | 560,412 |
| Property, plant and equipment | US$ in thousands | — | — | 290,974 | 227,087 | 48,169 |
| Fixed asset turnover | — | — | 2.91 | 3.29 | 11.63 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,194,620K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which Penumbra Inc generates sales revenue from its investment in fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
- On December 31, 2020, Penumbra Inc achieved a fixed asset turnover ratio of 11.63, reflecting a strong ability to generate revenue from its fixed assets.
- By December 31, 2021, the ratio decreased to 3.29, signaling a decline in the efficiency of generating sales from fixed assets compared to the previous year.
- Further decreasing to 2.91 by December 31, 2022, the trend of declining fixed asset turnover continued, suggesting potentially less effective utilization of fixed assets.
- The data for December 31, 2023, and December 31, 2024, are not available, preventing a complete analysis for these periods.
Overall, the decreasing trend in fixed asset turnover from 2020 to 2022 indicates a potential inefficiency in utilizing fixed assets to generate sales revenue, which may warrant further investigation into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024