STAAR Surgical Company (STAA)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Property, plant and equipment | US$ in thousands | 66,835 | 50,921 | 35,912 | 24,030 | 17,065 |
| Fixed asset turnover | 4.82 | 5.58 | 6.42 | 6.80 | 8.80 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $322,415K ÷ $66,835K
= 4.82
STAAR Surgical Company's fixed asset turnover has shown a decreasing trend over the past five years, indicating that the company's ability to generate revenue from its investments in fixed assets has declined. The ratio has decreased from 8.80 in 2019 to 4.82 in 2023. This suggests that the company's fixed assets are less efficient in generating sales compared to prior years. It may be a sign that the company is not effectively utilizing its fixed assets or that its revenue generation has not kept pace with its asset base growth. Further analysis is necessary to understand the underlying reasons for this trend and to assess the company's overall operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2023