Tandem Diabetes Care Inc (TNDM)

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 1,059,521 973,669 796,002 770,009 747,718 771,424 790,349 794,694 801,218 790,712 765,792 737,669 702,799 660,868 604,844 541,941 498,830 439,163 410,217 394,236
Property, plant and equipment US$ in thousands — — — — — — 73,752 74,578 68,552 72,905 58,901 49,987 50,386 49,621 80,389 50,445 50,022 49,320 44,385 37,626
Fixed asset turnover — — — — — — 10.72 10.66 11.69 10.85 13.00 14.76 13.95 13.32 7.52 10.74 9.97 8.90 9.24 10.48

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,059,521K ÷ $—K
= —

The fixed asset turnover ratio of Tandem Diabetes Care Inc shows the efficiency with which the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more sales for each dollar invested in fixed assets.

From the provided data:

- The fixed asset turnover ratio has been fluctuating over the quarters, with values ranging from 7.52 to 14.76.
- The ratio reached its peak at 14.76 on March 31, 2022, indicating a significant increase in revenue generated per dollar of fixed assets.
- The ratio then decreased slightly to 13.00 by June 30, 2022, but still remained at a relatively high level.
- The ratio experienced a further decline to 10.85 by September 30, 2022, before increasing again to 11.69 by December 31, 2022.
- As of March 31, 2023, the ratio stood at 10.66, showing a slight decrease from the previous quarter.
- From June 30, 2023, to March 31, 2024, the data for the fixed asset turnover ratio is not available.

Overall, the trend in the fixed asset turnover ratio for Tandem Diabetes Care Inc shows some fluctuations, but generally, the company has been able to efficiently utilize its fixed assets to generate revenue. The company should continue to monitor this ratio to ensure optimal utilization of its fixed assets in the future.