Vericel Corp Ord (VCEL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	237,224	197,516	164,365	156,184	124,179
Property, plant and equipment	US$ in thousands	—	—	57,372	59,028	57,738
Fixed asset turnover		—	—	2.86	2.65	2.15

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $237,224K ÷ $—K
= —

Vericel Corp Ord's fixed asset turnover has shown a positive trend over the past few years. In 2020, the fixed asset turnover was 2.15, indicating that the company generated $2.15 in revenue for every dollar invested in fixed assets. This ratio improved to 2.65 in 2021 and further to 2.86 in 2022, suggesting increased efficiency in utilizing fixed assets to generate revenue.

However, the data for 2023 and 2024 is unavailable, denoted by "—". This lack of information prevents a full assessment of the company's fixed asset turnover performance in those years.

Overall, the increasing trend in fixed asset turnover from 2020 to 2022 reflects positively on Vericel Corp Ord's ability to generate revenue from its fixed assets efficiently. It would be beneficial to monitor future data to assess if this trend continues and to provide a more comprehensive analysis of the company's performance in utilizing its fixed assets.