Proto Labs Inc (PRLB)
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 | 502,822 | 494,378 | 485,394 | 490,031 | 488,340 | 495,725 | 499,346 | 495,492 | 487,616 | 469,888 | 452,050 | 435,577 | 434,393 | 441,076 | 451,027 | 460,384 | 458,728 | 459,608 | 457,583 | 451,303 |
| Property, plant and equipment | US$ in thousands | 253,655 | 243,022 | 248,614 | 253,616 | 257,785 | 259,856 | 260,631 | 270,946 | 280,346 | 283,019 | 288,495 | 279,901 | 282,666 | 281,895 | 281,129 | 268,001 | 263,712 | 252,579 | 248,816 | 234,211 |
| Fixed asset turnover | 1.98 | 2.03 | 1.95 | 1.93 | 1.89 | 1.91 | 1.92 | 1.83 | 1.74 | 1.66 | 1.57 | 1.56 | 1.54 | 1.56 | 1.60 | 1.72 | 1.74 | 1.82 | 1.84 | 1.93 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $502,822K ÷ $253,655K
= 1.98
Proto Labs Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 1.83 to 2.03. This ratio indicates that the company generated approximately $1.95 to $2.03 in revenue for every dollar invested in fixed assets during the respective quarters.
A higher fixed asset turnover ratio typically suggests that a company is using its fixed assets more efficiently to generate sales. Proto Labs Inc's consistently high fixed asset turnover ratios indicate that the company is effectively utilizing its fixed assets to generate revenue. This efficiency could result from effective asset management or a focus on maximizing the utilization of fixed assets in the production process.
Overall, the trend of Proto Labs Inc's fixed asset turnover ratio indicates a healthy level of operational efficiency in utilizing fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2023