Repligen Corporation (RGEN)

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	627,837	616,033	602,354	607,450	638,764	669,783	729,332	777,796	801,536	801,295	778,770	734,097	670,534	592,661	508,505	433,007	366,260	327,086	302,471	285,701
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	324,608	192,692	190,673	174,255	168,370	147,627	124,964	154,659	135,669	72,243	66,870	55,355	52,451	50,373
Fixed asset turnover		—	—	—	—	—	—	2.25	4.04	4.20	4.60	4.63	4.97	5.37	3.83	3.75	5.99	5.48	5.91	5.77	5.67

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $627,837K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.

Based on the data provided for Repligen Corporation, the fixed asset turnover ratio has shown some fluctuations over the quarters. The ratio was relatively stable around 5.5 to 6 in the first few quarters of the data. However, there was a notable decline in the second quarter of 2021, reaching 3.75, and continued to decrease in subsequent quarters.

The decreasing trend in the fixed asset turnover ratio may indicate that Repligen Corporation is either experiencing a slowdown in revenue growth relative to its investment in fixed assets or could be that the company is not effectively utilizing its fixed assets to generate sales.

It would be beneficial for stakeholders to further analyze the reasons behind the declining fixed asset turnover ratio to assess the company's operational efficiency and potential areas for improvement in utilizing its fixed assets more effectively for revenue generation.