IQVIA Holdings Inc (IQV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,403,000 | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 |
| Total assets | US$ in thousands | 26,899,000 | 26,681,000 | 25,337,000 | 24,689,000 | 24,564,000 |
| Total asset turnover | 0.57 | 0.54 | 0.55 | 0.55 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,403,000K ÷ $26,899,000K
= 0.57
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. For IQVIA Holdings Inc, we observe the following trend in total asset turnover over the past five years:
- December 31, 2020: 0.45
- December 31, 2021: 0.55
- December 31, 2022: 0.55
- December 31, 2023: 0.54
- December 31, 2024: 0.57
From the data provided, we can see that IQVIA Holdings Inc's total asset turnover has generally been increasing over the years, indicating that the company has become more efficient in generating sales relative to its total assets. This suggests that IQVIA Holdings Inc is utilizing its assets more effectively to generate revenue, which is a positive sign of operational efficiency and potentially improved profitability. However, it is important to note that while a higher total asset turnover ratio is generally favorable, the interpretation should be done in conjunction with other financial metrics to assess the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024