Insulet Corporation (PODD)

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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,697,100	1,557,000	1,465,100	1,368,000	1,305,300	1,243,300	1,178,100	1,141,900	1,098,800	1,069,800	1,016,800	968,800	904,400	835,100	788,794	743,088	704,628	660,135	628,071	575,549
Property, plant and equipment	US$ in thousands	627,100	612,100	601,500	596,600	599,900	553,100	535,800	538,200	536,500	515,400	505,500	497,900	478,700	449,200	423,200	412,400	399,400	355,865	334,025	299,605
Fixed asset turnover		2.71	2.54	2.44	2.29	2.18	2.25	2.20	2.12	2.05	2.08	2.01	1.95	1.89	1.86	1.86	1.80	1.76	1.86	1.88	1.92

December 31, 2023 calculation

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

Insulet Corporation's fixed asset turnover ratio has shown a generally positive trend over the past eight quarters, indicating that the company is generating more sales revenue relative to its fixed assets. The ratio has steadily increased from 2.12 in Q1 2022 to 2.55 in Q4 2023, with occasional fluctuations in between.

This improvement suggests that Insulet Corporation has been effectively utilizing its fixed assets to generate sales, which is a positive sign of operational efficiency. A higher fixed asset turnover ratio indicates that the company is able to generate more revenue per dollar invested in fixed assets.

Overall, the upward trend in the fixed asset turnover ratio reflects favorable operational performance and efficient asset utilization by Insulet Corporation. It is important for the company to continue monitoring and managing its fixed asset turnover to ensure sustainable growth and profitability in the long term.