Stericycle Inc (SRCL)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,591,300 | 2,627,500 | 2,668,500 | 2,733,000 | 2,717,600 | 2,702,000 | 2,649,700 | 2,642,600 | 2,646,700 | 2,677,200 | 2,571,500 | 2,493,200 | 2,551,900 | 2,628,400 | 2,929,000 | 3,157,300 | 3,260,700 | 3,338,400 | 3,360,400 | 3,421,000 |
| Property, plant and equipment | US$ in thousands | 695,500 | 702,800 | 692,500 | 713,000 | 715,700 | 711,700 | 719,800 | 713,100 | 711,000 | 704,000 | 713,300 | 702,400 | 701,300 | 696,400 | 705,600 | 727,600 | 798,500 | 785,700 | 786,200 | 760,000 |
| Fixed asset turnover | 3.73 | 3.74 | 3.85 | 3.83 | 3.80 | 3.80 | 3.68 | 3.71 | 3.72 | 3.80 | 3.61 | 3.55 | 3.64 | 3.77 | 4.15 | 4.34 | 4.08 | 4.25 | 4.27 | 4.50 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,591,300K ÷ $695,500K
= 3.73
Stericycle Inc.'s fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 3.68 to 3.92. This indicates that, on average, the company generates between $3.68 and $3.92 in revenue for every dollar invested in fixed assets. The slight fluctuations in the ratio suggest that the company's efficiency in utilizing its fixed assets to generate revenue has remained consistent over the specified period. The consistent values of around 3.75 to 3.80 imply that Stericycle is effectively managing its fixed assets to support its revenue generation activities.
Peer comparison
Dec 31, 2023