Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2022', HAE's fixed asset turnover was 3.84, illustrating how efficiently fixed assets are generating revenue. Industry average for Medical/Dental Instruments in '2022' stood at 2.80.
• In '2023', HAE's fixed asset turnover was 4.11, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Medical/Dental Instruments in '2023' stood at 3.06. Industry average increased by 0.25 compared to previous year.
• In '2024', HAE's fixed asset turnover was 4.21, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Medical/Dental Instruments in '2024' stood at 3.33. Industry average increased by 0.27 compared to previous year.
• In '2025', HAE's fixed asset turnover was 4.57, illustrating how efficiently fixed assets are generating revenue. The increase since '2024' reflects strengthening financial performance. Industry average for Medical/Dental Instruments in '2025' stood at 2.29. Industry average declined by 1.05 from previous year.
Overall, HAE's fixed asset turnover has steadily improved over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.