Teleflex Incorporated (TFX)

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	3,047,324	3,025,824	3,007,838	3,001,406	2,974,489	2,958,576	2,898,975	2,860,258	2,791,041	2,794,959	2,808,422	2,817,353	2,809,563	2,758,828	2,686,878	2,540,439	2,537,156	2,506,929	2,526,947	2,612,420
Property, plant and equipment	US$ in thousands	—	—	—	—	—	588,071	464,609	458,861	578,416	422,355	547,992	436,021	573,411	576,316	564,864	467,648	473,912	445,242	432,401	427,452
Fixed asset turnover		—	—	—	—	—	5.03	6.24	6.23	4.83	6.62	5.12	6.46	4.90	4.79	4.76	5.43	5.35	5.63	5.84	6.11

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,047,324K ÷ $—K
= —

The fixed asset turnover ratio is a measure of how efficiently a company utilizes its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate revenue.

Based on the provided data for Teleflex Incorporated, the fixed asset turnover ratio has fluctuated over the given periods. From March 31, 2020 (6.11) to December 31, 2024 (not reported), we observe variations in the ratio. Notably, the ratio peaked at 6.62 on September 30, 2022, suggesting that Teleflex was able to generate $6.62 in sales for every $1 spent on fixed assets during that period.

However, it is important to note the decline in the fixed asset turnover ratio after the peak in September 2022, with fluctuations ranging from 4.76 to 6.62. This decline might indicate a potential inefficiency in utilizing fixed assets to drive sales during the subsequent periods.

Overall, analyzing the fixed asset turnover ratio for Teleflex Incorporated provides insights into how efficiently the company is managing its fixed assets to generate revenue and highlights the fluctuations in asset utilization over the specified time frame.