Dentsply Sirona Inc (XRAY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,793,000 | 3,965,000 | 3,922,000 | 4,251,000 | 3,342,000 |
| Property, plant and equipment | US$ in thousands | — | — | 961,000 | 966,000 | 791,000 |
| Fixed asset turnover | — | — | 4.08 | 4.40 | 4.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,793,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. In the case of Dentsply Sirona Inc, the fixed asset turnover has shown a positive trend over the past few years.
In 2020, the fixed asset turnover was 4.23, indicating that for every dollar invested in fixed assets, the company generated $4.23 in revenue. This ratio improved to 4.40 in 2021, suggesting increased efficiency in utilizing fixed assets to generate sales. However, in 2022, the ratio decreased slightly to 4.08, which may indicate a temporary slowdown in asset utilization efficiency.
The data for 2023 and 2024 is not available (denoted by "--"), making it challenging to assess the trend in fixed asset turnover for those years. It would be beneficial for investors and stakeholders to closely monitor future financial reports to understand the trajectory of this key ratio in the coming years.
Overall, Dentsply Sirona Inc has shown a generally healthy fixed asset turnover ratio, indicating effective management of its fixed assets to drive revenue. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and potential growth prospects.
Peer comparison
Dec 31, 2024