Vir Biotechnology Inc (VIR)
Fixed asset turnover
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 | Dec 31, 2019 | Sep 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 86,180 | 118,803 | 490,721 | 444,237 | 1,613,740 | 2,377,077 | 2,106,136 | 2,325,891 | 1,095,407 | 284,394 | 182,706 | 72,626 | 76,368 | 75,614 | 75,089 | |||
Property, plant and equipment | US$ in thousands | 96,018 | 99,309 | 104,126 | 103,758 | 105,609 | 100,226 | 85,135 | 65,583 | 42,834 | 26,610 | 20,251 | 17,291 | 17,946 | 16,948 | 16,311 | 16,238 | 16,308 | 15,448 |
Fixed asset turnover | 0.90 | 1.20 | 4.71 | 4.28 | 15.28 | 23.72 | 24.74 | 35.46 | 25.57 | 10.69 | 9.02 | 4.20 | 4.26 | 4.46 | 4.60 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $86,180K ÷ $96,018K
= 0.90
Fixed asset turnover measures how efficiently a company generates revenue from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate sales.
Looking at Vir Biotechnology Inc's fixed asset turnover over the past eight quarters, we observe significant fluctuations. In Q1 2022, the ratio was notably high at 35.46, indicating that the company generated $35.46 in revenue for every dollar invested in fixed assets during that period. This suggests efficient utilization of fixed assets to drive sales.
However, the fixed asset turnover ratio saw a decline in subsequent quarters, reaching its lowest point at 0.90 in Q4 2023. This indicates a drop in the efficiency of generating revenue from fixed assets, potentially signaling underutilization or inefficient management of these assets during that quarter.
Overall, the trend in Vir Biotechnology Inc's fixed asset turnover suggests varying degrees of efficiency in utilizing fixed assets to generate revenue. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's asset management practices.
Peer comparison
Dec 31, 2023