Insulet Corporation (PODD)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,697,100	1,305,300	1,098,800	904,400	695,500
Property, plant and equipment	US$ in thousands	627,100	599,900	536,500	478,700	399,400
Fixed asset turnover		2.71	2.18	2.05	1.89	1.74

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,697,100K ÷ $627,100K
= 2.71

The fixed asset turnover ratio of Insulet Corporation has shown a positive trend over the past five years, increasing from 1.85 in 2019 to 2.55 in 2023. This indicates that the company has become more efficient in generating revenue from its fixed assets during this period. The improvement in the fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales, which is a positive sign of operational efficiency and asset utilization. Overall, the increasing trend in the fixed asset turnover ratio reflects positively on the management of Insulet Corporation in utilizing its fixed assets to drive revenue growth.