Bio-Rad Laboratories Inc (BIO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,566,500 | 2,671,260 | 2,802,250 | 2,922,540 | 2,545,630 |
| Total assets | US$ in thousands | 9,364,100 | 12,299,100 | 13,501,700 | 17,775,800 | 12,972,600 |
| Total asset turnover | 0.27 | 0.22 | 0.21 | 0.16 | 0.20 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,566,500K ÷ $9,364,100K
= 0.27
The total asset turnover ratio for Bio-Rad Laboratories Inc has fluctuated over the past five years. In 2020, the company had a total asset turnover of 0.20, indicating that for every dollar of assets owned, the company generated $0.20 in revenue.
There was a slight decrease in 2021 with a total asset turnover of 0.16, suggesting that the company may have been less efficient in utilizing its assets to generate revenue during that year. However, Bio-Rad Laboratories Inc managed to improve its performance in the subsequent years.
In 2022, the total asset turnover ratio increased to 0.21, indicating an improvement in asset utilization efficiency. This trend continued into 2023 and 2024, with total asset turnover ratios of 0.22 and 0.27 respectively, showing that the company was able to generate more revenue for each dollar of assets owned.
Overall, the increasing trend in total asset turnover over the years suggests that Bio-Rad Laboratories Inc has been more effective in utilizing its assets to generate sales, which is a positive indicator of operational efficiency and could potentially lead to improved financial performance in the future.
Peer comparison
Dec 31, 2024