Revvity Inc. (RVTY)

Fixed asset turnover

		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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,769,887	2,744,391	2,810,941	3,023,524	3,311,822	3,598,518	3,748,030	3,763,135	3,827,812	4,154,512	4,257,222	4,158,193	3,782,749	3,233,635	2,976,533	2,887,332	2,883,673	2,834,526	2,801,916	2,782,761
Property, plant and equipment	US$ in thousands	509,654	489,747	490,923	491,162	482,950	460,397	533,645	547,035	485,531	537,710	379,065	371,102	368,304	336,442	322,789	313,857	318,223	298,240	302,720	293,142
Fixed asset turnover		5.43	5.60	5.73	6.16	6.86	7.82	7.02	6.88	7.88	7.73	11.23	11.20	10.27	9.61	9.22	9.20	9.06	9.50	9.26	9.49

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,769,887K ÷ $509,654K
= 5.43

The fixed asset turnover ratio for Revvity Inc. has displayed some fluctuations over the past eight quarters. It decreased from 9.17 in Q1 2022 to 4.42 in Q3 2023. This drop suggests that the company's efficiency in generating sales from its fixed assets declined during this period. However, the ratio saw a slight increase to 5.40 in Q4 2023, indicating a potential improvement in utilizing fixed assets to generate revenue. Overall, the trend in fixed asset turnover ratios for Revvity Inc. shows variability, with some quarters demonstrating higher efficiency in asset utilization compared to others.