ICU Medical Inc (ICUI)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,382,050	2,259,130	2,280,000	1,316,310	1,271,000
Total assets	US$ in thousands	4,203,930	4,378,440	4,515,640	1,880,740	1,763,690
Total asset turnover		0.57	0.52	0.50	0.70	0.72

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,382,050K ÷ $4,203,930K
= 0.57

The total asset turnover of ICU Medical Inc has exhibited a declining trend over the past five years. The ratio decreased from 0.72 in December 31, 2020 to 0.70 in December 31, 2021, and further declined to 0.50 in December 31, 2022. However, there was a slight improvement in December 31, 2023 to 0.52, followed by an increase to 0.57 in December 31, 2024.

This trend suggests that the company's ability to generate sales from its total assets has fluctuated during the period under review. A lower total asset turnover may indicate inefficiency in utilizing assets to generate revenue, while a higher ratio typically reflects better asset management efficiency. Further analysis is recommended to understand the factors driving these fluctuations in the total asset turnover of ICU Medical Inc.