Hologic Inc (HOLX)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,969,300 | 4,030,400 | 4,038,300 | 4,056,600 | 4,465,800 | 4,862,700 | 5,226,100 | 5,391,700 | 5,493,600 | 5,632,300 | 5,662,700 | 5,317,300 | 4,535,800 | 3,776,500 | 3,295,300 | 3,324,800 | 3,387,100 | 3,367,300 | 3,315,000 | 3,286,600 |
| Total assets | US$ in thousands | 8,469,500 | 9,139,300 | 9,337,900 | 9,448,700 | 9,290,300 | 9,071,200 | 9,357,400 | 9,514,500 | 9,285,100 | 8,919,900 | 8,590,600 | 8,044,000 | 7,550,700 | 7,195,800 | 6,803,100 | 6,821,800 | 6,311,900 | 6,442,100 | 6,522,400 | 6,525,300 |
| Total asset turnover | 0.47 | 0.44 | 0.43 | 0.43 | 0.48 | 0.54 | 0.56 | 0.57 | 0.59 | 0.63 | 0.66 | 0.66 | 0.60 | 0.52 | 0.48 | 0.49 | 0.54 | 0.52 | 0.51 | 0.50 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,969,300K ÷ $8,469,500K
= 0.47
Hologic Inc's total asset turnover ratio has shown fluctuations over the past several quarters. The ratio, which measures the efficiency of the company in generating sales from its assets, has ranged between 0.43 and 0.66 in recent quarters.
The trend indicates a decline in total asset turnover from the high of 0.66 in the second quarter of 2021 to the low of 0.43 in the second and third quarters of 2023. This suggests that the company is becoming less efficient in generating sales relative to its total asset base during these periods.
A lower total asset turnover ratio may indicate inefficiencies in asset utilization or potentially an increase in the size of the asset base relative to sales. On the other hand, a higher total asset turnover ratio generally signals better efficiency in utilizing assets to generate revenue.
It would be important for investors and stakeholders to further analyze the reasons behind the fluctuations in Hologic Inc's total asset turnover to assess the company's operational performance and financial health effectively.
Peer comparison
Dec 31, 2023