Baxter International Inc (BAX)

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	12,856,000	13,988,000	14,997,000	14,892,000	14,949,000	14,951,000	15,016,000	15,055,000	15,113,000	14,740,000	14,193,000	13,545,000	12,784,000	12,451,000	12,197,000	11,817,000	11,673,000	11,531,000	11,410,000	11,532,000
Total assets	US$ in thousands	25,782,000	26,676,000	26,312,000	27,788,000	28,276,000	30,656,000	27,885,000	28,291,000	28,287,000	27,965,000	31,831,000	32,716,000	33,521,000	19,807,000	19,682,000	19,466,000	20,019,000	20,098,000	19,465,000	19,075,000
Total asset turnover		0.50	0.52	0.57	0.54	0.53	0.49	0.54	0.53	0.53	0.53	0.45	0.41	0.38	0.63	0.62	0.61	0.58	0.57	0.59	0.60

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,856,000K ÷ $25,782,000K
= 0.50

Total asset turnover measures how efficiently a company is using its assets to generate revenue. Baxter International Inc's total asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024.

The ratio ranged from 0.38 to 0.63 during this period, indicating variability in the company's ability to generate sales relative to its total assets. Notably, there was a sharp decline in total asset turnover from December 31, 2021, to March 31, 2022, to 0.38, which may signal a potential inefficiency in asset utilization during that time.

Although the ratio increased in subsequent periods, reaching a peak of 0.57 by June 30, 2024, it then declined slightly to 0.50 by December 31, 2024. This suggests that Baxter International Inc may have started utilizing its assets more efficiently in the later periods.

Overall, the trend in total asset turnover for Baxter International Inc indicates variations in asset utilization efficiency over time, highlighting the importance of continuously monitoring and improving this aspect of the company's operations.