Artivion Inc (AORT)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	388,537	384,899	376,974	368,206	354,004	339,732	328,716	319,805	313,789	313,785	309,154	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146
Total assets	US$ in thousands	789,101	803,144	789,539	784,007	792,397	774,787	777,861	757,073	762,798	742,731	764,864	781,856	793,052	818,654	810,497	794,832	789,404	782,200	693,254	621,033
Total asset turnover		0.49	0.48	0.48	0.47	0.45	0.44	0.42	0.42	0.41	0.42	0.40	0.39	0.38	0.35	0.35	0.32	0.32	0.33	0.37	0.44

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $388,537K ÷ $789,101K
= 0.49

Artivion Inc's total asset turnover has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.

Initially, the total asset turnover was at 0.44 on March 31, 2020, indicating that the company generated 44 cents in sales for every dollar of total assets. Subsequently, the ratio experienced a decline, reaching its lowest point of 0.32 by March 31, 2021. This decline suggests a decrease in the company's ability to efficiently utilize its assets to generate sales revenue.

From June 30, 2021, to June 30, 2024, the total asset turnover ratio gradually improved, indicating that Artivion Inc became more effective in utilizing its assets to generate sales. The ratio increased from 0.35 on June 30, 2021, to 0.49 by December 31, 2024, reflecting a positive trend in asset utilization efficiency.

Overall, Artivion Inc's total asset turnover ratio has shown variability over the period under review, with periods of decline followed by improvement. The increasing trend in recent periods suggests that the company has been able to enhance its asset utilization efficiency and generate more sales revenue per dollar of assets.