Virax Biolabs Ordinary Shares(Vrax) 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 VRAX 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 '2024', VRAX's fixed asset turnover was 0.28, illustrating how efficiently fixed assets are generating revenue. Industry average for Biotechnology: In Vitro & In Vivo Diagnostic Substances in '2024' stood at 1.82.
Overall, VRAX's fixed asset turnover has remained generally stable over the past 1 years.

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

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