STERIS plc (STE)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,459,510 | 5,398,370 | 5,423,440 | 5,436,890 | 5,441,930 | 5,407,380 | 5,227,730 | 5,085,890 | 4,957,840 | 4,783,690 | 4,776,670 | 4,773,130 | 4,585,062 | 4,247,903 | 3,847,857 | 3,407,009 | 3,107,519 | 3,056,979 | 3,022,316 | 3,003,024 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,936,080 | 1,921,380 | 1,705,510 | 1,671,160 | 1,572,400 | 1,755,690 | 1,741,060 | 1,715,610 | 1,710,590 | 1,706,790 | 1,235,400 | 1,226,900 | 1,176,070 | 1,291,520 |
| Fixed asset turnover | — | — | — | — | — | — | 2.70 | 2.65 | 2.91 | 2.86 | 3.04 | 2.72 | 2.63 | 2.48 | 2.25 | 2.00 | 2.52 | 2.49 | 2.57 | 2.33 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,459,510K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which a company generates sales from its investment in fixed assets. Looking at the trend in the fixed asset turnover ratio of STERIS plc over the past few quarters, we can see that there has been some fluctuation in the ratio.
From June 30, 2020, to September 30, 2021, the fixed asset turnover ratio generally increased from 2.33 to 2.25, indicating that the company was becoming more efficient in generating sales from its fixed assets during this period.
However, there was a slight dip in the ratio in the subsequent quarters, with the ratio dropping to 2.00 by June 30, 2021. This could suggest a potential decrease in efficiency in utilizing its fixed assets to generate sales during that particular period.
Subsequently, the fixed asset turnover ratio improved and showed an increasing trend, reaching 3.04 by September 30, 2022. This significant increase in the ratio indicates a higher level of efficiency in generating sales from fixed assets during that period.
The ratio continued to fluctuate in the following quarters, ranging between 2.63 and 2.70. The most recent available data from September 30, 2023, shows a fixed asset turnover ratio of 2.70, which suggests that the company is generating $2.70 in sales for every dollar invested in fixed assets.
It is important to note that the ratio for the last reporting period, December 31, 2023, and subsequent periods is not available. This lack of data may indicate that the company has not reported or finalized its financial statements for those periods.
Overall, the trend in STERIS plc's fixed asset turnover ratio shows some fluctuations, with periods of improvement and slight decline. Investors and analysts may want to continue monitoring this ratio to assess the company's efficiency in utilizing fixed assets to drive sales growth.
Peer comparison
Mar 31, 2025