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 | 4,685,300 | 4,222,990 | 3,578,130 | 3,196,820 | 2,957,010 |
| Property, plant and equipment | US$ in thousands | 699,146 | 665,811 | 630,495 | 592,065 | 535,683 |
| Fixed asset turnover | 6.70 | 6.34 | 5.68 | 5.40 | 5.52 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,685,300K ÷ $699,146K
= 6.70
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