STAAR Surgical Company (STAA)
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 | 313,901 | 341,224 | 332,942 | 326,243 | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | — | 81,533 | 73,596 | 71,136 | — | 54,317 | 39,918 | 35,060 | 24,030 | 22,662 | 21,478 | 20,184 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | 3.43 | 3.56 | 3.41 | — | 4.00 | 5.17 | 5.11 | 6.80 | 6.90 | 6.91 | 7.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $313,901K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate sales.
Looking at the historical trend of STAAR Surgical Company's fixed asset turnover:
- The fixed asset turnover ratio decreased from 7.57 as of March 31, 2020, to 3.56 as of June 30, 2022.
- There was a notable decline in the ratio from March 31, 2021, to September 30, 2021, dropping from 5.11 to 4.00.
- The ratio continued to decrease in the following periods, reaching 3.41 as of March 31, 2022.
- Throughout the remaining years until December 31, 2024, the fixed asset turnover ratio remained unspecified.
The declining trend in STAAR Surgical Company's fixed asset turnover ratio suggests that the company may not be efficiently utilizing its fixed assets to generate sales over time. It could indicate that the company's fixed assets are not contributing as effectively to revenue generation as in the past. Further analysis on the company's asset management and operational efficiency may be required to address this decline in the fixed asset turnover ratio.
Peer comparison
Dec 31, 2024