Artivion Inc (AORT)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	331,069	312,325	303,112	296,526	296,606	305,041	305,123	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146	276,222	274,324	271,041	268,398
Total assets	US$ in thousands	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	605,654	592,602	597,123	586,928
Total asset turnover		0.42	0.40	0.39	0.39	0.39	0.41	0.40	0.39	0.38	0.35	0.35	0.32	0.32	0.33	0.37	0.44	0.46	0.46	0.45	0.46

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $331,069K ÷ $792,397K
= 0.42

Artivion Inc's total asset turnover has exhibited a relatively stable trend over the past eight quarters, ranging between 0.39 and 0.45. The total asset turnover ratio indicates the company's ability to generate revenue from its assets, with a higher ratio suggesting more efficient asset utilization.

The company's total asset turnover has shown a slight improvement from 0.39 in Q1 2022 to 0.45 in Q4 2023, indicating that Artivion Inc has been able to generate more revenue from its assets over the period. This could be attributed to improved operational efficiency, effective management of assets, or increased sales volume.

Despite some fluctuations, the total asset turnover ratio has generally remained within a narrow range, suggesting that Artivion Inc has maintained a consistent level of asset utilization efficiency. Investors and analysts may view this stability positively as it indicates a certain degree of predictability in the company's ability to generate revenue from its asset base.

Overall, Artivion Inc's total asset turnover ratio analysis suggests that the company has been reasonably effective in utilizing its assets to generate revenue, but further analysis in conjunction with other financial metrics is recommended to gain a more comprehensive understanding of the company's financial performance and operational efficiency.