Quest Diagnostics Incorporated (DGX)
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 | 9,872,000 | 9,539,000 | 9,346,000 | 9,287,000 | 9,252,000 | 9,297,000 | 9,488,000 | 9,603,000 | 9,883,000 | 10,294,000 | 10,582,000 | 10,679,000 | 10,788,000 | 11,046,000 | 11,058,000 | 10,335,000 | 9,437,000 | 8,361,000 | 7,531,000 | 7,657,000 |
| Total assets | US$ in thousands | 16,153,000 | 16,095,000 | 13,881,000 | 13,954,000 | 14,022,000 | 13,482,000 | 13,425,000 | 12,794,000 | 12,837,000 | 13,223,000 | 13,312,000 | 13,442,000 | 13,611,000 | 13,572,000 | 12,861,000 | 13,931,000 | 14,026,000 | 14,143,000 | 12,990,000 | 12,049,000 |
| Total asset turnover | 0.61 | 0.59 | 0.67 | 0.67 | 0.66 | 0.69 | 0.71 | 0.75 | 0.77 | 0.78 | 0.79 | 0.79 | 0.79 | 0.81 | 0.86 | 0.74 | 0.67 | 0.59 | 0.58 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,872,000K ÷ $16,153,000K
= 0.61
Quest Diagnostics Incorporated's total asset turnover ratio has shown some fluctuations over the past few years. The ratio has ranged from 0.58 to 0.86 during the period from June 30, 2020, to June 30, 2024.
Overall, the trend indicates that the company's efficiency in generating revenue from its total assets has improved slightly from the earlier years to around mid-2021, peaking at 0.86. However, there has been a slight decline in total asset turnover since then, with the ratio hovering around the range of 0.75 to 0.79 from March 31, 2022, to June 30, 2024.
This analysis suggests that Quest Diagnostics has been able to utilize its assets more effectively in generating sales, although there has been some variability in performance over the years. It would be beneficial to monitor the trend of total asset turnover ratios in future periods to assess the company's ongoing operational efficiency.
Peer comparison
Dec 31, 2024