ResMed Inc (RMD)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,681,240	4,528,920	4,442,900	4,314,610	4,171,410	4,064,591	3,819,396	3,688,938	3,645,890	3,606,884	3,513,684	3,419,445	3,265,514	3,144,973	3,128,793	3,045,837	2,957,056	2,891,676	2,784,449	2,699,392
Property, plant and equipment	US$ in thousands	548,025	539,743	551,734	533,985	537,856	528,778	522,745	487,376	498,181	513,250	477,778	467,344	463,490	455,106	459,472	424,819	417,335	397,209	408,364	382,970
Fixed asset turnover		8.54	8.39	8.05	8.08	7.76	7.69	7.31	7.57	7.32	7.03	7.35	7.32	7.05	6.91	6.81	7.17	7.09	7.28	6.82	7.05

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,681,240K ÷ $548,025K
= 8.54

The fixed asset turnover ratio for ResMed Inc has shown a generally positive trend over the past few quarters, indicating the company's efficiency in generating revenue from its fixed assets. The ratio has consistently been above 7, with values ranging from 6.81 to 8.54. This suggests that ResMed is effectively utilizing its fixed assets to generate sales revenue.

The highest fixed asset turnover ratio of 8.54 was recorded in June 2024, reflecting a peak level of revenue generation relative to the value of fixed assets. The company maintained relatively high ratios in the most recent quarters, indicating ongoing efficiency in utilizing its fixed assets.

Overall, the trend of increasing fixed asset turnover ratios is a positive sign for ResMed Inc, showing that the company is managing its fixed assets effectively to drive revenue growth.