Perrigo Company PLC (PRGO)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,373,800 | 4,392,400 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,122,200 | 918,300 | 919,300 | 1,165,400 | 839,900 | 840,300 | 846,300 | 1,031,000 | 1,013,400 | 1,005,100 | 860,000 | 996,000 | 918,800 | 892,300 | 889,100 |
| Fixed asset turnover | — | — | — | — | — | 4.15 | 5.04 | 4.96 | 3.82 | 5.24 | 5.17 | 4.97 | 4.01 | 4.27 | 4.47 | 5.50 | 5.08 | 5.55 | 5.69 | 5.63 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,373,800K ÷ $—K
= —
The fixed asset turnover ratio of Perrigo Company PLC has exhibited fluctuations over the analyzed periods. The ratio started at 5.63 as of March 31, 2020, and increased slightly to 5.69 by June 30, 2020. However, it then dipped to 5.08 by December 31, 2020, before gradually recovering to 5.50 by March 31, 2021. The trend reversed in the subsequent quarters, with a noticeable decline to 4.47 by June 30, 2021, and further down to 4.27 by September 30, 2021. This downward trend continued into the next year, reaching 3.82 by December 31, 2022, showing a substantial decrease from previous highs.
The trend then saw some improvement, with the ratio climbing to 4.96 by March 31, 2023, and 5.04 by June 30, 2023, demonstrating some recovery in asset utilization efficiency. However, the ratio declined again to 4.15 by September 30, 2023, indicating potential challenges in effectively utilizing fixed assets to generate revenue.
For the subsequent periods up to December 31, 2024, no data is available, which may suggest data unavailability or a strategic shift in financial reporting. Overall, the varying trend of the fixed asset turnover ratio highlights changes in Perrigo Company PLC's efficiency in utilizing its fixed assets to generate sales revenue over the analyzed periods.
Peer comparison
Dec 31, 2024