STERIS plc (STE)

Fixed asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	5,459,520	5,138,700	4,536,270	4,585,060	3,107,520
Property, plant and equipment	US$ in thousands	—	—	1,705,510	1,741,060	1,235,400
Fixed asset turnover		—	—	2.66	2.63	2.52

March 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,459,520K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets efficiently to generate revenue.

Analyzing the fixed asset turnover ratio for STERIS plc over the years, we can see a generally positive trend. The ratio increased from 2.52 in March 31, 2021, to 2.63 in March 31, 2022, and further to 2.66 in March 31, 2023. This indicates an improvement in the company's ability to generate sales from its investment in fixed assets during these years.

However, no data is available for the fixed asset turnover ratio for March 31, 2024, and March 31, 2025. This lack of data may hinder a comprehensive analysis of the trend in the company's efficiency in utilizing its fixed assets in those specific years.

Overall, based on the available data, STERIS plc has shown a positive trend in its fixed asset turnover ratio, suggesting that the company has been effective in utilizing its fixed assets to generate sales revenue.