Catalent Inc (CTLT)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,381,000 | 4,263,000 | 4,802,000 | 3,998,000 | 3,094,000 |
| Total assets | US$ in thousands | 9,753,000 | 10,777,000 | 10,508,000 | 9,112,000 | 7,777,000 |
| Total asset turnover | 0.45 | 0.40 | 0.46 | 0.44 | 0.40 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,381,000K ÷ $9,753,000K
= 0.45
The total asset turnover ratio for Catalent Inc has fluctuated over the past five years. It indicates how efficiently the company is generating sales revenue relative to its total assets. In 2024, the total asset turnover ratio increased to 0.45 from 0.40 in 2023, suggesting that Catalent Inc was able to generate more revenue per dollar of assets. This improvement may be attributed to better asset management or increased sales efficiency.
Comparing the 2024 ratio to earlier years, it is slightly below the 0.46 achieved in 2022 but higher than the ratios in 2021 and 2020, indicating a relatively stable performance in utilizing assets to generate revenue. While the ratio alone does not provide a complete picture of the company's financial health, the trend over the years can be an important indicator of how effectively Catalent Inc is utilizing its assets to drive sales.
Peer comparison
Jun 30, 2024