Catalent Inc (CTLT)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,381,000	4,135,000	4,098,000	4,223,000	4,263,000	4,495,000	4,731,000	4,799,000	4,802,000	4,703,000	4,483,000	4,177,000	3,998,000	5,904,000	5,611,600	5,422,000	5,240,700	2,872,400	2,729,300	2,630,900
Total assets	US$ in thousands	9,753,000	9,879,000	9,988,000	10,023,000	10,777,000	10,830,000	11,148,000	10,206,000	10,508,000	10,322,000	10,203,000	10,183,000	9,112,000	8,769,100	8,198,100	7,984,200	7,777,000	7,079,600	6,195,300	6,119,500
Total asset turnover		0.45	0.42	0.41	0.42	0.40	0.42	0.42	0.47	0.46	0.46	0.44	0.41	0.44	0.67	0.68	0.68	0.67	0.41	0.44	0.43

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,381,000K ÷ $9,753,000K
= 0.45

Total asset turnover for Catalent Inc has fluctuated over the given periods, ranging from a low of 0.40 to a high of 0.68. On average, the company generates approximately $0.46 in sales for every dollar of assets. A higher total asset turnover ratio indicates that the company is more efficient in generating sales from its assets. The significant increase in total asset turnover in the most recent periods compared to historical data suggests that the company has improved its efficiency in generating revenue from its assets, which could be a positive sign for the company's operational performance and profitability. Overall, monitoring the trend of the total asset turnover ratio can provide insights into Catalent Inc's asset utilization and efficiency in generating sales.