Proto Labs Inc (PRLB)
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 | 500,890 | 504,188 | 509,274 | 505,908 | 503,877 | 494,436 | 485,452 | 490,089 | 488,398 | 496,373 | 499,994 | 496,140 | 488,098 | 469,724 | 451,886 | 435,413 | 434,395 | 441,076 | 451,027 | 460,384 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 262,522 | 248,614 | 253,616 | 257,785 | 265,673 | 1,985 | 1,985 | 287,822 | 290,238 | 299,443 | 279,901 | 282,666 | 281,895 | 281,129 | 268,001 |
| Fixed asset turnover | — | — | — | — | — | 1.88 | 1.95 | 1.93 | 1.89 | 1.87 | 251.89 | 249.94 | 1.70 | 1.62 | 1.51 | 1.56 | 1.54 | 1.56 | 1.60 | 1.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $500,890K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales.
In the case of Proto Labs Inc, the fixed asset turnover ratio has fluctuated over the years. From March 31, 2020, to June 30, 2021, the ratio showed a downward trend, decreasing from 1.72 to 1.51. This decline suggests that the company may have experienced challenges in effectively utilizing its fixed assets to generate revenue during this period.
However, the ratio saw a significant spike in the first two quarters of 2022, reaching extremely high levels of 249.94 and 251.89, respectively. Such exceptionally high values are typically indicative of data anomalies or errors in financial reporting rather than sustainable operational performance.
Subsequently, the ratio normalized in the following quarters, ranging between 1.87 and 1.95 up to June 30, 2023. These values suggest that Proto Labs Inc was able to improve its efficiency in utilizing fixed assets during this period.
As of December 31, 2023, the fixed asset turnover ratio was not provided ("—"), making it challenging to assess the company's performance in that quarter. Similarly, data was not available for the ratio in the following years up to December 31, 2024.
Overall, the trend in Proto Labs Inc's fixed asset turnover ratio indicates fluctuations in the company's ability to effectively generate revenue from its fixed assets. It is essential for investors and analysts to monitor this ratio over time to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2024