Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020
Revenue (ttm)	US$ in thousands	2,755,399	2,792,741	2,753,945	2,745,319	2,747,137	2,721,641	2,788,191	3,000,774	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
Property, plant and equipment	US$ in thousands	482,217	517,932	503,119	503,964	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
Fixed asset turnover		5.71	5.39	5.47	5.45	5.39	5.56	5.68	6.11	6.86	7.82	7.02	6.88	7.88	7.73	11.23	11.20	10.27	9.61	9.22	9.20

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,755,399K ÷ $482,217K
= 5.71

Revvity Inc.'s fixed asset turnover ratio, which measures how efficiently the company is generating sales revenue from its investment in fixed assets, has shown some fluctuations over the period from April 5, 2020, to December 31, 2024.

Initially, the fixed asset turnover ratio was strong, starting at 9.20 on April 5, 2020, and gradually increasing to 11.23 on June 30, 2021. This indicates that the company was effectively utilizing its fixed assets to generate sales.

However, the ratio started to decline from September 30, 2021 onwards, dropping to 5.56 by September 30, 2023, and further declining to 5.39 by December 31, 2024. This decline suggests that Revvity Inc. may have faced challenges in efficiently utilizing its fixed assets to generate revenue during this period.

By March 31, 2024, the ratio slightly improved to 5.45 before dropping again to 5.39 by September 30, 2024. This indicates that the company's efficiency in generating sales revenue from its fixed assets remained a concern.

Overall, the trend in Revvity Inc.'s fixed asset turnover ratio shows a decline in efficiency in utilizing fixed assets to generate sales revenue over the period under review. Management may need to investigate the reasons behind this decline and take appropriate actions to improve the efficiency of asset utilization in the future.