Hologic Inc (HOLX)
Total asset turnover
| Sep 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,030,300 | 3,960,600 | 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 |
| Total assets | US$ in thousands | 9,156,000 | 8,714,400 | 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 |
| Total asset turnover | 0.44 | 0.45 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,030,300K ÷ $9,156,000K
= 0.44
Hologic Inc's total asset turnover has fluctuated over the past few years, ranging from 0.44 to 0.66. The total asset turnover ratio measures the company's ability to generate sales from its assets. A higher ratio indicates more efficient utilization of assets to generate revenue.
In the most recent period, as of September 30, 2024, the total asset turnover ratio stands at 0.44, which suggests that for every dollar of assets, the company generated $0.44 in sales. This indicates a decrease in asset efficiency compared to the previous quarter.
Looking back at historical data, there has been a declining trend in total asset turnover since the peak of 0.66 in March 2021. This could signify potential issues with asset utilization and operational efficiency within the company.
Further analysis and comparison with industry benchmarks may provide insights into the reasons behind the fluctuating total asset turnover and help identify areas for improvement in Hologic Inc's asset management strategies.
Peer comparison
Sep 30, 2024