Artivion Inc (AORT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 388,537 | 354,004 | 313,789 | 298,836 | 253,227 |
| Total assets | US$ in thousands | 789,101 | 792,397 | 762,798 | 793,052 | 789,404 |
| Total asset turnover | 0.49 | 0.45 | 0.41 | 0.38 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $388,537K ÷ $789,101K
= 0.49
Total asset turnover is a metric that indicates how efficiently a company is utilizing its assets to generate revenue. In the case of Artivion Inc, the trend in total asset turnover has been positive over the past five years, increasing from 0.32 in 2020 to 0.49 in 2024. This suggests that Artivion Inc has been able to improve its asset utilization over time, generating more revenue for each dollar of assets invested.
A total asset turnover ratio of 0.49 in 2024 means that for every dollar of assets Artivion Inc had, it generated $0.49 of revenue. This indicates that the company has become more efficient in utilizing its assets to drive sales, which is a positive sign for investors and stakeholders.
Overall, the increasing trend in total asset turnover for Artivion Inc indicates improving operational efficiency and effectiveness in utilizing its assets to generate revenue, which is an important metric for assessing the company's overall financial health and performance.
Peer comparison
Dec 31, 2024