Viatris Inc (VTRS)
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 | 14,726,100 | 15,022,500 | 15,226,400 | 15,348,400 | 15,414,100 | 15,465,600 | 15,601,900 | 15,800,100 | 16,262,700 | 16,728,300 | 17,186,700 | 17,647,700 | 17,886,300 | 17,168,200 | 15,603,700 | 13,757,100 | 11,946,000 | 11,514,300 | 11,503,900 | 11,624,200 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,174,300 | 2,983,200 | 3,007,800 | 3,283,800 | 3,039,000 | 3,083,900 | 3,150,200 | 3,479,400 | 3,114,000 | 3,472,000 | 3,558,300 | 3,783,500 | 2,286,200 | 2,267,700 | 2,303,400 |
| Fixed asset turnover | — | — | — | — | — | 4.87 | 5.23 | 5.25 | 4.95 | 5.50 | 5.57 | 5.60 | 5.14 | 5.51 | 4.49 | 3.87 | 3.16 | 5.04 | 5.07 | 5.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,726,100K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company generates revenues from its fixed assets. Higher fixed asset turnover ratios generally indicate better asset utilization.
Based on the data provided for Viatris Inc's fixed asset turnover ratio, we can observe fluctuations over the quarters:
- The ratio ranged between 3.16 and 5.60 from March 31, 2020, to June 30, 2022, showing relatively stable and efficient utilization of fixed assets.
- There was a noticeable decrease in the fixed asset turnover ratio for the year-end December 31, 2021, dropping to 3.87, which could suggest a temporary decline in the asset efficiency during that period.
- Subsequently, there was an increase in the ratio, reaching a peak of 5.60 on March 31, 2022, indicating improved efficiency in utilizing fixed assets to generate revenues.
- From March 31, 2022, to September 30, 2023, the ratio remained relatively stable between 4.87 and 5.60, implying consistent asset turnover performance.
- However, starting from September 30, 2023, the ratio began to decline and recorded values of 4.87 and 4.95, which could indicate a potential slowdown in asset turnover efficiency.
- The data for the period beyond December 31, 2023, is not available, as indicated by "—".
In conclusion, the analysis of Viatris Inc's fixed asset turnover ratio suggests fluctuations in asset utilization efficiency over the quarters, with periods of both stability and potential decline. Further quarters' data would be required to assess the trend accurately.
Peer comparison
Dec 31, 2024