Globus Medical (GMED)

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	2,519,355	2,478,596	2,236,530	1,898,454	1,568,476	1,226,440	1,096,949	1,068,982	1,022,843	998,366	973,939	961,307	958,102	941,526	927,903	825,809	789,042	767,264	747,381	792,998
Total assets	US$ in thousands	5,251,750	5,086,040	4,993,790	4,943,610	5,086,080	5,355,880	2,212,460	2,149,620	2,076,130	1,976,510	1,914,710	1,998,690	1,957,260	1,910,580	1,830,210	1,737,890	1,679,480	1,541,740	1,465,800	1,479,360
Total asset turnover		0.48	0.49	0.45	0.38	0.31	0.23	0.50	0.50	0.49	0.51	0.51	0.48	0.49	0.49	0.51	0.48	0.47	0.50	0.51	0.54

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,519,355K ÷ $5,251,750K
= 0.48

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing a company's total sales by its average total assets.

For Globus Medical, the total asset turnover has fluctuated over the years. From March 31, 2020, to December 31, 2024, the total asset turnover ranged from 0.47 to 0.51. This indicates that, on average, Globus Medical generated between $0.47 and $0.51 in revenue for every dollar of assets it had during this period.

The trend in total asset turnover shows some variability, with slight fluctuations in the ratio over time. Notably, there was a decrease in total asset turnover from September 30, 2023 (0.23) to December 31, 2023 (0.31), which then improved gradually and reached a peak of 0.49 on September 30, 2024.

Overall, the total asset turnover ratio suggests that Globus Medical has been efficient in utilizing its assets to generate revenue, although there have been some fluctuations in the ratio over the years. It is important for the company to monitor and manage its asset turnover to ensure optimal utilization of its resources for continued financial success.