Proto Labs Inc (PRLB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Property, plant and equipment | US$ in thousands | — | — | 257,785 | 287,822 | 282,666 |
| Fixed asset turnover | — | — | 1.89 | 1.70 | 1.54 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $500,890K ÷ $—K
= —
Proto Labs Inc's fixed asset turnover has shown a generally positive trend over the years, increasing from 1.54 in December 31, 2020, to 1.70 in December 31, 2021, and further to 1.89 by the end of December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, reflecting improved efficiency in asset utilization. However, the data for December 31, 2023, and December 31, 2024, is not available, which limits our ability to assess the trend in the most recent years. It would be beneficial to monitor the fixed asset turnover ratio in the future to understand the ongoing efficiency of Proto Labs Inc's fixed asset utilization.
Peer comparison
Dec 31, 2024