Sophia Genetics Sa Ordinary Shares(Soph) Financials: Fixed Asset Turnover Compared To Industry Average, Plus Other Key Ratios

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fixed asset turnover inventory turnover payables turnover receivables turnover total asset turnover working capital turnover

Growth Trend (Last 5 Years)

Growth - fixed asset turnover

This chart shows the historical trend of fixed asset turnover for SOPH 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', SOPH's fixed asset turnover was 2.54, illustrating how efficiently fixed assets are generating revenue. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2021' stood at 1.02.
• In '2022', SOPH's fixed asset turnover was 2.55, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2022' stood at 0.97. Industry average declined by 0.05 from previous year.
• In '2023', SOPH's fixed asset turnover was 2.80, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2023' stood at 0.99. Industry average increased by 0.01 compared to previous year.
• In '2024', SOPH's fixed asset turnover was 3.07, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2024' stood at 1.05. Industry average increased by 0.07 compared to previous year.
Overall, SOPH'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.