ResMed Inc (RMD)

Fixed asset turnover

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Revenue US$ in thousands 4,681,150 4,175,350 3,649,870 3,265,510 2,957,010
Property, plant and equipment US$ in thousands 548,025 537,856 498,181 463,490 417,335
Fixed asset turnover 8.54 7.76 7.33 7.05 7.09

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,681,150K ÷ $548,025K
= 8.54

The fixed asset turnover ratio for ResMed Inc has shown a consistent upward trend over the past five years, with values of 7.09 in 2020, 7.05 in 2021, 7.33 in 2022, 7.76 in 2023, and 8.54 in 2024. This indicates that the company has been able to generate significantly more sales revenue relative to its investment in fixed assets each year. A higher fixed asset turnover ratio suggests that ResMed Inc is effectively utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency and asset productivity. Overall, the increasing trend in the fixed asset turnover ratio reflects the company's ability to efficiently utilize its fixed assets to generate revenue over the years.


Peer comparison

Jun 30, 2024