Sotera Health Co (SHC)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,100,441 | 1,120,477 | 1,098,186 | 1,076,874 | 1,049,288 | 990,639 | 976,166 | 987,523 | 1,003,687 | 993,346 | 970,806 | 956,084 | 931,478 | 907,074 | 880,938 | 842,106 | 818,158 | 794,798 | 790,092 | 771,767 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 884,317 | 841,105 | 796,753 | 704,406 | 699,571 | 669,161 | 690,743 | 624,341 | 668,660 | 658,737 | 651,863 | 628,142 | 608,079 | 608,079 |
| Fixed asset turnover | — | — | — | — | — | — | 1.10 | 1.17 | 1.26 | 1.41 | 1.39 | 1.43 | 1.35 | 1.45 | 1.32 | 1.28 | 1.26 | 1.27 | 1.30 | 1.27 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,100,441K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating sales revenue from its investment in fixed assets. For Sotera Health Co, the fixed asset turnover ratio has shown some fluctuations over the years, ranging from 1.10 to 1.45.
From March 31, 2020, to June 30, 2021, the fixed asset turnover increased steadily from 1.27 to 1.32, indicating an improvement in the company's ability to generate sales from its fixed assets. This upward trend suggests better utilization of fixed assets to drive revenue.
However, from September 30, 2021, to December 31, 2022, the ratio fluctuated, reaching a peak of 1.45 before declining to 1.26. This fluctuation could indicate changes in the company's asset base or sales performance during this period.
Subsequently, there was a notable decline in the fixed asset turnover ratio from March 31, 2023, to June 30, 2023, dropping to 1.10. This decrease suggests a potential inefficiency in converting fixed assets into sales revenue during that period.
As of the latest available data, the fixed asset turnover ratio for Sotera Health Co is not provided for the periods beyond June 30, 2023. It is important for the company to monitor and analyze this ratio continuously to ensure optimal utilization of fixed assets in generating revenue and to make informed business decisions regarding asset management.
Peer comparison
Dec 31, 2024