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', STVN's fixed asset turnover was 2.03, illustrating how efficiently fixed assets are generating revenue. Industry average for Medical/Dental Instruments in '2021' stood at 3.15.
• In '2022', STVN's fixed asset turnover was 1.83, illustrating how efficiently fixed assets are generating revenue. The decline from '2021' may indicate some operational or financial challenges. Industry average for Medical/Dental Instruments in '2022' stood at 2.80. Industry average declined by 0.35 from previous year.
• In '2023', STVN's fixed asset turnover was 1.27, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Medical/Dental Instruments in '2023' stood at 3.06. Industry average increased by 0.25 compared to previous year.
• In '2024', STVN's fixed asset turnover was 0.96, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Medical/Dental Instruments in '2024' stood at 3.33. Industry average increased by 0.27 compared to previous year.
Overall, STVN'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.