Repligen Corporation (RGEN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	634,439	638,764	801,536	670,534	366,260
Property, plant and equipment	US$ in thousands	—	—	190,673	124,964	66,870
Fixed asset turnover		—	—	4.20	5.37	5.48

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $634,439K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investments in fixed assets. Looking at Repligen Corporation's fixed asset turnover over the past few years, we see a generally positive trend.

In 2020, the fixed asset turnover ratio was 5.48, indicating that Repligen was generating $5.48 in revenue for every dollar invested in fixed assets. This ratio slightly decreased to 5.37 in 2021 but still remained at a relatively high level, suggesting efficient utilization of fixed assets.

However, there was a notable decline in the fixed asset turnover ratio to 4.20 in 2022. This decrease may indicate inefficiencies in the company's operations or possibly an increase in the value of fixed assets without a proportionate increase in revenue generation.

Unfortunately, data for 2023 and 2024 are not available. Without this information, it is difficult to assess whether the decline in fixed asset turnover continued or if the company was able to improve its efficiency in utilizing fixed assets during those years.

In conclusion, while Repligen Corporation has shown strong fixed asset turnover ratios in the past, the significant drop in 2022 raises some concerns about the company's ability to efficiently generate revenue from its fixed assets. Further information would be needed to fully understand the reasons behind this decline and to assess the company's overall performance in this area.