Veracyte Inc (VCYT)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 445,764 361,051 296,536 219,514 117,483
Property, plant and equipment US$ in thousands — — 30,862 31,141 8,990
Fixed asset turnover — — 9.61 7.05 13.07

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $445,764K ÷ $—K
= —

The fixed asset turnover ratio for Veracyte Inc. exhibits notable fluctuations over the period from December 31, 2020, to December 31, 2023. Specifically, the ratio was recorded at 13.07 in 2020, indicating a relatively high level of sales generated per dollar of fixed assets. In 2021, this ratio declined significantly to 7.05, suggesting a decrease in the efficiency of fixed asset utilization in generating sales. Subsequently, in 2022, the ratio increased again to 9.61, reflecting a partial recovery in fixed asset productivity. As of the data available up to December 31, 2023, the fixed asset turnover ratio is not provided, which precludes current assessment. Overall, the trend suggests periods of both decline and recovery in fixed asset efficiency, with the sharp drop in 2021 being particularly notable. This variability may be indicative of strategic changes, shifts in operational scale, or adjustments in asset base utilization over the observed years.