Repligen Corporation (RGEN)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 624,137 | 800,374 | 657,807 | 354,127 | 255,303 |
| Property, plant and equipment | US$ in thousands | 207,440 | 190,673 | 124,964 | 66,870 | 48,455 |
| Fixed asset turnover | 3.01 | 4.20 | 5.26 | 5.30 | 5.27 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $624,137K ÷ $207,440K
= 3.01
The fixed asset turnover ratio for Repligen Corp. has experienced a declining trend over the past five years. In 2019, the company generated $5.58 in revenue for every dollar invested in fixed assets, which then decreased to $5.48 in 2020, $5.37 in 2021, and further declined to $4.20 in 2022. The ratio reached its lowest point at $3.08 in 2023.
This decreasing trend in fixed asset turnover could indicate that the company is becoming less efficient in generating sales from its fixed assets. It may imply that Repligen Corp. is not effectively utilizing its fixed assets to generate revenue over time. Further investigation into the company's operational efficiency and asset utilization may be warranted to address this declining trend in fixed asset turnover.
Peer comparison
Dec 31, 2023