Catalent Inc (CTLT)

Total asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	4,422,000	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
Total assets	US$ in thousands	9,708,000	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
Total asset turnover		0.46	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,422,000K ÷ $9,708,000K
= 0.46

The total asset turnover of Catalent Inc has shown some variability over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio typically suggests better efficiency in asset utilization.

From the data provided, we observe that the total asset turnover ratio has fluctuated between 0.40 and 0.68 over the past twenty quarters. In the latest quarter, ending September 30, 2024, the total asset turnover ratio was 0.46, which indicates that for each dollar of assets, Catalent Inc generated $0.46 in sales.

Overall, Catalent Inc has generally maintained a total asset turnover ratio in the range of 0.40 to 0.68, with some quarters showing higher efficiency in asset utilization than others. Further analysis would be needed to determine the factors driving these fluctuations and assess the company's overall operational efficiency and asset management strategies.