Bio-Rad Laboratories Inc (BIO)

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 2,566,525 2,580,209 2,562,604 2,605,238 2,671,262 2,720,366 2,769,042 2,779,031 2,802,249 2,804,730 2,870,979 2,895,811 2,922,545 2,979,615 2,879,829 2,700,778 2,545,626 2,380,215 2,293,585 2,329,324
Total assets US$ in thousands 9,364,100 10,603,500 9,688,450 12,609,900 12,299,100 11,895,900 11,978,200 13,667,400 13,501,700 12,058,500 12,682,100 14,373,700 17,775,800 19,953,400 15,117,600 13,933,200 12,972,600 12,020,900 10,097,300 8,684,360
Total asset turnover 0.27 0.24 0.26 0.21 0.22 0.23 0.23 0.20 0.21 0.23 0.23 0.20 0.16 0.15 0.19 0.19 0.20 0.20 0.23 0.27

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,566,525K ÷ $9,364,100K
= 0.27

Total asset turnover for Bio-Rad Laboratories Inc has shown fluctuations over the past few years. The ratio ranged between 0.15 and 0.27 from March 31, 2020, to December 31, 2024. Overall, the company's ability to generate revenue from its assets has varied, indicating different levels of efficiency in asset utilization. The highest turnover was seen in the last quarter of 2024, suggesting improved efficiency in generating sales from its assets. However, the ratio decreased in the preceding quarter, indicating a potential slowdown in asset utilization efficiency. Monitoring these fluctuations can provide insights into the company's operational performance and resource utilization strategies.