Thermo Fisher Scientific Inc (TMO)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	42,879,000	42,857,000	44,915,000	39,211,000	32,218,000
Property, plant and equipment	US$ in thousands	—	—	9,280,000	8,333,000	5,912,000
Fixed asset turnover		—	—	4.84	4.71	5.45

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $42,879,000K ÷ $—K
= —

The fixed asset turnover ratio measures a company's efficiency in generating sales from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate revenue.

Thermo Fisher Scientific Inc's fixed asset turnover has shown a decreasing trend from 2020 to 2022, declining from 5.45 to 4.84. This decline suggests that the company is generating less revenue relative to its investment in fixed assets during this period.

Notably, data for 2023 and 2024 is unavailable in the provided information. A fixed asset turnover ratio of "— " for these years indicates that either the data is missing or the company did not report fixed asset turnover for these periods.

In conclusion, Thermo Fisher Scientific Inc's fixed asset turnover ratio has declined over the observed period, reflecting a potential decrease in the efficiency of utilizing its fixed assets to generate revenue. Further analysis and comparison with industry benchmarks may help provide additional insights into the company's operational efficiency.