Bio-Rad Laboratories Inc (BIO)

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	2,637,846	2,686,946	2,731,337	2,741,910	2,774,598	2,777,098	2,856,467	2,894,713	2,922,702	2,979,702	2,876,119	2,701,076	2,540,271	2,374,971	2,288,622	2,311,881	2,292,289	2,284,689	2,267,881	2,271,474
Total assets	US$ in thousands	12,299,100	11,895,900	11,978,200	13,667,400	13,501,700	12,058,500	12,682,100	14,373,700	17,799,400	19,953,400	15,117,600	13,933,200	12,972,600	12,020,900	10,097,300	8,684,360	8,008,860	7,177,100	7,646,900	6,862,900
Total asset turnover		0.21	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	0.29	0.32	0.30	0.33

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,637,846K ÷ $12,299,100K
= 0.21

Based on the data provided for Bio-Rad Laboratories Inc.'s total asset turnover over the past eight quarters, there seems to be a stable trend in the company's efficiency in generating revenue from its total assets. The total asset turnover ratio has been relatively consistent, averaging around 0.22 to 0.23.

This indicates that, on average, Bio-Rad is generating revenue equal to approximately 22% to 23% of its total assets each quarter. A higher total asset turnover ratio usually indicates that the company is utilizing its assets efficiently to generate revenue.

While Bio-Rad's total asset turnover ratio has remained consistent, further analysis would be required to understand the underlying factors driving this efficiency. It could be attributed to effective management of assets, strong sales performance, or a combination of both.

Overall, the stable total asset turnover ratio suggests that Bio-Rad Laboratories Inc. is effectively utilizing its total assets to generate revenue over the quarters analyzed.