Avantor Inc (AVTR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,783,600 | 6,967,200 | 7,512,400 | 7,386,100 | 6,393,600 |
| Total assets | US$ in thousands | 12,114,500 | 12,972,700 | 13,464,300 | 13,897,200 | 9,906,500 |
| Total asset turnover | 0.56 | 0.54 | 0.56 | 0.53 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,783,600K ÷ $12,114,500K
= 0.56
The total asset turnover ratio for Avantor Inc has shown a decreasing trend over the past five years, declining from 0.65 in December 2020 to 0.56 in December 2024. This indicates that the company is generating less revenue relative to its total assets. While the ratio improved slightly in 2022, it remained relatively low compared to the starting point. A lower total asset turnover may suggest inefficiencies in asset utilization or a decline in sales compared to the size of the asset base. Avantor Inc may need to assess and improve its operational efficiency and sales performance to enhance its total asset turnover ratio in the future.
Peer comparison
Dec 31, 2024