Baxter International Inc (BAX)

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	14,920,000	14,899,000	14,958,000	15,052,000	15,164,000	14,775,000	14,223,000	13,534,000	12,731,000	12,327,000	12,064,000	11,659,000	11,491,000	11,459,000	11,330,000	11,475,000	11,340,000	11,142,000	11,110,000	11,118,000
Total assets	US$ in thousands	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	18,193,000	17,299,000	17,503,000	16,241,000
Total asset turnover		0.53	0.49	0.54	0.53	0.54	0.53	0.45	0.41	0.38	0.62	0.61	0.60	0.57	0.57	0.58	0.60	0.62	0.64	0.63	0.68

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,920,000K ÷ $28,276,000K
= 0.53

Baxter International Inc.'s total asset turnover has shown fluctuating trends over the past eight quarters, ranging from 0.41 to 0.54. The company's ability to generate sales from its total assets has been somewhat inconsistent, with Q2 2023 exhibiting the highest total asset turnover of 0.54, while Q1 2022 had the lowest turnover of 0.41.

Overall, Baxter International Inc.'s total asset turnover averages around 0.50, indicating that the company generates approximately $0.50 in sales for every dollar of total assets invested. This demonstrates that the company may be relatively efficient in utilizing its assets to generate revenue, albeit with some variability in performance over the analyzed period. Further investigation into the operational efficiency and asset management practices of Baxter International Inc. may be necessary to fully assess the reasons behind these fluctuations in total asset turnover.