ICU Medical Inc (ICUI)

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	2,381,346	2,339,530	2,303,710	2,256,565	2,259,259	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
Total assets	US$ in thousands	4,203,930	4,305,040	4,286,670	4,288,400	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
Total asset turnover		0.57	0.54	0.54	0.53	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,381,346K ÷ $4,203,930K
= 0.57

The total asset turnover ratio for ICU Medical Inc has shown a fluctuating trend over the past few years. From March 31, 2020, to December 31, 2021, the ratio remained relatively stable, ranging between 0.68 and 0.73, indicating that the company generated around $0.68 to $0.73 in sales revenue for every dollar invested in total assets during this period.

However, there was a notable decline starting from March 31, 2022, with a ratio of 0.32, reaching its lowest point. This sharp decrease suggests that ICU Medical Inc's ability to utilize its total assets efficiently to generate sales declined significantly at this point in time.

Subsequently, there has been a gradual improvement in the total asset turnover ratio from June 30, 2022, onwards, showing signs of recovery. The ratio increased to 0.57 by December 31, 2024, indicating a better utilization of assets to generate sales revenue compared to the low point in March 2022.

Overall, the total asset turnover ratio for ICU Medical Inc reflects periods of stability, decline, and eventual recovery, highlighting the importance of efficient asset management in driving sales performance.