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