Intellia Therapeutics(Ntla) Financials: Fixed Asset Turnover Compared To Industry Average, Plus Other Key Ratios

Growth Trend (Last 5 Years)

Growth - fixed asset turnover

This chart shows the historical trend of fixed asset turnover for NTLA compared to its industry average over the recent years.

Ratio Definition and Interpretation

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 '2021', NTLA's fixed asset turnover was 0.33, illustrating how efficiently fixed assets are generating revenue. Industry average for Biotechnology: In Vitro & In Vivo Diagnostic Substances in '2021' stood at 2.05.
• In '2022', NTLA's fixed asset turnover was 0.40, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Biotechnology: In Vitro & In Vivo Diagnostic Substances in '2022' stood at 2.03. Industry average declined by 0.02 from previous year.
• In '2023', NTLA's fixed asset turnover was 0.23, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Biotechnology: In Vitro & In Vivo Diagnostic Substances in '2023' stood at 1.87. Industry average declined by 0.16 from previous year.
• In '2024', NTLA's fixed asset turnover was 0.29, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Biotechnology: In Vitro & In Vivo Diagnostic Substances in '2024' stood at 1.82. Industry average declined by 0.05 from previous year.
Overall, NTLA's fixed asset turnover has been volatile but showed a downward trend 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.