Dentsply Sirona Inc (XRAY)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,887,000 | 3,908,000 | 20,000 | 3,305,000 | 4,021,100 |
| Property, plant and equipment | US$ in thousands | 799,000 | 761,000 | 773,000 | 791,000 | 802,000 |
| Fixed asset turnover | 4.86 | 5.14 | 0.03 | 4.18 | 5.01 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,887,000K ÷ $799,000K
= 4.86
The fixed asset turnover ratio for DENTSPLY Sirona Inc has exhibited fluctuations over the past five years, ranging from a high of 5.47 in 2021 to a low of 4.23 in 2020. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio generally indicates that the company is effectively using its fixed assets to generate sales.
In 2023, the fixed asset turnover ratio decreased to 4.96 from 5.15 in 2022. This reduction suggests a slight decline in the company's efficiency in generating sales from its fixed assets compared to the previous year.
It's essential to note that the fixed asset turnover ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of DENTSPLY Sirona Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023