STAAR Surgical Company (STAA)
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 | 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 | 150,185 | 142,488 | 135,203 | 129,444 |
| Property, plant and equipment | US$ in thousands | 66,835 | 62,886 | 55,924 | 53,453 | 50,921 | 48,048 | 42,813 | 39,645 | 35,912 | 32,266 | 28,616 | 26,314 | 24,030 | 22,662 | 21,478 | 20,184 | 17,065 | 14,846 | 13,382 | 11,300 |
| Fixed asset turnover | 4.82 | 4.93 | 5.47 | 5.51 | 5.58 | 5.81 | 6.11 | 6.13 | 6.42 | 6.74 | 7.21 | 6.80 | 6.80 | 6.90 | 6.91 | 7.57 | 8.80 | 9.60 | 10.10 | 11.46 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $322,415K ÷ $66,835K
= 4.82
The fixed asset turnover ratio for STAAR Surgical Company has exhibited a generally increasing trend over the past few years, indicating the company's ability to generate revenue from its investment in fixed assets. The ratio has consistently been above 5, indicating efficient utilization of fixed assets to generate sales.
The company's fixed asset turnover ratio peaked at 11.46 in the first quarter of 2019, signifying that for every dollar invested in fixed assets, STAAR Surgical generated $11.46 in revenue during that period. However, there has been a slight decline in the ratio since then.
Overall, a high fixed asset turnover ratio suggests that STAAR Surgical is effectively using its fixed assets to drive revenue growth, which is a positive indicator of operational efficiency and asset management within the company.
Peer comparison
Dec 31, 2023