STAAR Surgical Company (STAA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 313,901 | 322,415 | 284,391 | 230,472 | 163,460 |
| Property, plant and equipment | US$ in thousands | — | — | 81,533 | 67,728 | 24,030 |
| Fixed asset turnover | — | — | 3.49 | 3.40 | 6.80 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $313,901K ÷ $—K
= —
STAAR Surgical Company's fixed asset turnover ratio has exhibited a declining trend over the years, moving from 6.80 in 2020 to 3.40 in 2021 and slightly increasing to 3.49 in 2022. The absence of data for 2023 and 2024 indicates a lack of information regarding the company's fixed asset turnover in those years.
A fixed asset turnover ratio measures a company's ability to generate sales revenue from its investment in fixed assets, such as property, plant, and equipment. A higher ratio is generally preferable as it signifies that the company is effectively utilizing its fixed assets to generate revenue.
The decreasing trend seen from 2020 to 2022 may indicate potential inefficiencies in the company's utilization of its fixed assets to generate sales. Further analysis and comparison with industry benchmarks would be necessary to understand the reasons behind this trend and assess the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024