Vericel Corp Ord (VCEL)

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 237,224 226,844 214,520 207,780 197,516 185,214 178,184 169,308 164,365 159,262 155,217 157,690 156,184 153,822 151,574 132,069 124,179 118,340 116,581 122,718
Property, plant and equipment US$ in thousands — — — — — — — — 57,372 58,546 59,502 59,104 59,028 58,532 58,388 58,019 57,738 31,911 30,840 31,919
Fixed asset turnover — — — — — — — — 2.86 2.72 2.61 2.67 2.65 2.63 2.60 2.28 2.15 3.71 3.78 3.84

December 31, 2024 calculation

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

The fixed asset turnover ratio for Vericel Corp Ord has shown a declining trend over the past few quarters. In March 2020, the ratio stood at 3.84, indicating that the company generated $3.84 in sales for every dollar invested in fixed assets. However, by December 2021, the ratio had decreased to 2.65, and further dropped to 2.67 by March 2022.

Despite a slight uptick in the fixed asset turnover ratio in the following quarters, ranging between 2.60 and 2.86, the ratio remained below the levels seen in early 2020. The lack of data for the latter half of 2023 and all of 2024 makes it challenging to assess any potential recovery or deterioration in the company's efficiency in utilizing its fixed assets to generate sales.

Overall, the fluctuating trend in the fixed asset turnover ratio during the period indicates that Vericel Corp Ord may be facing challenges in optimizing the productivity of its fixed assets to drive revenue generation. It would be important for stakeholders to monitor future quarters to understand whether this trend continues or if there are any strategic initiatives implemented to improve asset turnover efficiency.