Tandem Diabetes Care Inc (TNDM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 940,203 | 747,718 | 801,217 | 702,799 | 498,830 |
| Property, plant and equipment | US$ in thousands | — | — | 68,552 | 50,386 | 50,022 |
| Fixed asset turnover | — | — | 11.69 | 13.95 | 9.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $940,203K ÷ $—K
= —
The fixed asset turnover ratio of Tandem Diabetes Care Inc has shown an increasing trend over the years. In 2020, the ratio was 9.97, indicating that the company generated $9.97 in revenue for each dollar invested in fixed assets. By the end of 2021, the ratio had improved to 13.95, showing that the company was able to generate even higher revenue relative to its fixed assets.
However, in 2022, there was a slight decrease in the fixed asset turnover ratio to 11.69, which could suggest either an increase in the value of fixed assets or a decrease in revenue generated from these assets. Unfortunately, the data is not available for 2023 and 2024, so it's unclear how the ratio evolved in those years.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2021 is a positive sign of efficiency in utilizing fixed assets to generate revenue. An analysis of the factors driving the changes in the ratio could provide further insights into Tandem Diabetes Care Inc's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024