Perrigo Company PLC (PRGO)

Fixed asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Property, plant and equipment	US$ in thousands	909,900	911,400	916,400	902,900	918,300	919,300	926,300	839,900	840,300	846,300	864,100	842,800	833,800	860,000	864,600	918,800	892,300	889,100	774,200	871,400
Fixed asset turnover		4.87	5.00	5.08	5.15	5.04	4.96	4.81	5.24	5.17	4.97	4.79	5.13	5.39	5.50	5.86	5.55	5.69	5.63	6.25	5.40

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,428,700K ÷ $909,900K
= 4.87

The fixed asset turnover ratio for Perrigo Company PLC has shown some fluctuations over the past 20 quarters, ranging between 4.79 and 6.25. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio generally indicates better efficiency in asset utilization.

On average, Perrigo Company PLC has maintained a relatively consistent level of fixed asset turnover, with the ratio hovering around 5. This implies that for every dollar invested in fixed assets, the company generates approximately $5 in sales.

The slight fluctuations seen in the ratio over the quarters may reflect changes in the company's asset base or sales levels. However, the overall trend suggests that Perrigo has been effectively managing its fixed assets to support its revenue generation.

It is important for investors and stakeholders to monitor the fixed asset turnover ratio over time to assess the company's operational efficiency and asset utilization in generating revenue.