Dentsply Sirona Inc (XRAY)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,887,000 | 3,905,000 | 3,909,000 | 3,910,000 | 3,908,000 | 4,001,000 | 4,094,000 | 4,137,000 | 4,206,000 | 4,182,500 | 4,036,800 | 3,464,100 | 3,305,500 | 3,337,500 | 3,412,700 | 3,935,800 | 4,015,000 | 3,963,200 | 3,926,400 | 3,957,500 |
| Property, plant and equipment | US$ in thousands | 799,000 | 753,000 | 772,000 | 770,000 | 761,000 | 714,000 | 744,000 | 771,000 | 773,000 | 771,000 | 769,000 | 758,000 | 791,000 | 772,400 | 771,700 | 776,600 | 802,000 | 782,500 | 819,600 | 853,900 |
| Fixed asset turnover | 4.86 | 5.19 | 5.06 | 5.08 | 5.14 | 5.60 | 5.50 | 5.37 | 5.44 | 5.42 | 5.25 | 4.57 | 4.18 | 4.32 | 4.42 | 5.07 | 5.01 | 5.06 | 4.79 | 4.63 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,887,000K ÷ $799,000K
= 4.86
DENTSPLY Sirona Inc's fixed asset turnover has shown a declining trend over the past few quarters, ranging from a high of 5.65 in Q3 2022 to a low of 4.96 in Q4 2023. This indicates that the company is generating less revenue relative to its fixed assets in recent quarters. A fixed asset turnover below 1 could suggest inefficiency in utilizing the company's fixed assets to generate sales. Overall, the company should closely monitor and investigate the factors contributing to the decline in fixed asset turnover to ensure optimal utilization of its fixed assets in the future.
Peer comparison
Dec 31, 2023