Viatris Inc (VTRS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,739,300 | 15,426,900 | 16,262,700 | 17,886,300 | 11,946,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,283,800 | 3,479,400 | 3,783,500 |
| Fixed asset turnover | — | — | 4.95 | 5.14 | 3.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,739,300K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue. Looking at Viatris Inc's fixed asset turnover over the past few years, we can see an improvement in performance.
In 2020, the fixed asset turnover was 3.16, indicating that for every dollar invested in fixed assets, the company generated $3.16 in sales revenue. This ratio increased significantly to 5.14 in 2021, showing that the company was able to generate more sales with the same level of fixed assets or potentially reduced its fixed asset base.
In 2022, the fixed asset turnover remained high at 4.95, suggesting continued efficiency in utilizing fixed assets to drive sales. However, the data for 2023 and 2024 is not available, indicated by "—". It would be beneficial to gather more recent information to assess any potential trends in the company's fixed asset turnover.
Overall, the improving trend in Viatris Inc's fixed asset turnover indicates a positive performance in efficiently utilizing its fixed assets to generate sales revenue. Further analysis and comparison with industry standards could provide more insights into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024