Embecta Corp (EMBC)

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
Revenue (ttm)	US$ in thousands	1,117,100	1,113,300	1,126,900	1,116,800	1,115,200	1,110,600	1,115,600	1,108,100	1,123,300
Total assets	US$ in thousands	1,285,300	1,267,500	1,199,600	1,217,800	1,214,400	1,252,100	1,210,000	1,196,900	1,086,400	1,049,800	833,500	739,900
Total asset turnover		0.87	0.88	0.94	0.92	0.92	0.89	0.92	0.93	1.03

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,117,100K ÷ $1,285,300K
= 0.87

The total asset turnover ratio for Embecta Corp has shown some fluctuation over the past few quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.

From the data provided, we can see that the total asset turnover ratio ranged between 0.87 and 1.03 over the last fiscal year. A ratio below 1 suggests that the company is generating less revenue relative to its total assets, which could indicate inefficiency in asset utilization.

The trend in the total asset turnover ratio shows some inconsistency, with variations seen from quarter to quarter. This could be due to various factors such as changes in sales volume, asset base, or operational efficiency.

It is important for Embecta Corp to closely monitor and analyze the total asset turnover ratio to ensure that the company is effectively managing its assets to maximize revenue generation. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational efficiency and financial performance.