Avantor Inc (AVTR)

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	6,783,600	6,819,800	6,825,600	6,866,700	6,967,200	7,039,400	7,175,700	7,342,300	7,512,400	7,625,000	7,602,800	7,550,900	7,386,100	7,269,400	7,040,100	6,660,200	6,393,600	6,126,700	6,025,500	6,079,200
Total assets	US$ in thousands	12,114,500	12,840,600	12,693,500	12,763,400	12,972,700	12,798,100	13,063,300	13,395,900	13,464,300	13,113,300	13,430,900	13,836,400	13,897,200	12,199,200	11,249,700	9,738,800	9,906,500	9,938,400	9,867,000	9,786,200
Total asset turnover		0.56	0.53	0.54	0.54	0.54	0.55	0.55	0.55	0.56	0.58	0.57	0.55	0.53	0.60	0.63	0.68	0.65	0.62	0.61	0.62

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,783,600K ÷ $12,114,500K
= 0.56

Total asset turnover is a financial ratio that measures how efficiently a company is utilizing its total assets to generate revenue. In the case of Avantor Inc, the total asset turnover has been relatively stable over the analyzed period, ranging from 0.53 to 0.68. A higher ratio indicates that the company is more effective in generating sales from its assets.

The trend of Avantor Inc's total asset turnover shows a slight increase from 0.62 in March 2020 to 0.68 in March 2021, before experiencing fluctuations between 0.53 and 0.60 in the following quarters. The ratio seems to have stabilized around 0.54 to 0.58 in the latest periods, showcasing consistency in the company's asset utilization efficiency.

Overall, Avantor Inc's total asset turnover indicates that the company is effectively using its assets to generate revenue, although there may be room for improvement in optimizing asset utilization in certain periods. It is essential for management to continue monitoring and managing asset turnover to ensure efficient operations and sustainable growth.