ICU Medical Inc (ICUI)

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	2,259,126	2,249,284	2,293,830	2,305,524	2,279,997	2,042,508	1,780,711	1,541,384	1,316,308	1,296,234	1,278,741	1,260,443	1,271,004	1,266,076	1,254,980	1,263,883	1,266,208	1,291,063	1,310,761	1,358,939
Total assets	US$ in thousands	4,378,440	4,376,860	4,463,040	4,470,630	4,515,640	4,450,480	4,590,000	4,746,730	1,880,740	1,839,350	1,802,840	1,765,230	1,763,690	1,729,540	1,859,060	1,816,980	1,692,380	1,637,780	1,622,920	1,613,270
Total asset turnover		0.52	0.51	0.51	0.52	0.50	0.46	0.39	0.32	0.70	0.70	0.71	0.71	0.72	0.73	0.68	0.70	0.75	0.79	0.81	0.84

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,259,126K ÷ $4,378,440K
= 0.52

ICU Medical, Inc.'s total asset turnover has demonstrated a relatively stable performance over the past eight quarters, ranging from 0.32 to 0.52. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio suggests that the company is better at utilizing its assets to generate sales.

In Q4 2023, the total asset turnover was 0.52, showing a slight increase from the previous quarter. This could imply that ICU Medical improved its efficiency in utilizing its assets to generate sales during the most recent period.

Looking at the trend over the past year, the total asset turnover has generally been increasing, starting from 0.32 in Q1 2022 to reaching a peak of 0.52 in Q4 2023. This could indicate that ICU Medical has been effectively managing its assets to drive sales growth over time.

Overall, the data suggests that ICU Medical, Inc. has been improving its efficiency in utilizing its assets to generate sales revenue, as demonstrated by the increasing trend in total asset turnover over the past year.