IQVIA Holdings Inc (IQV)

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	15,237,000	14,964,000	14,623,000	14,368,000	14,308,000	14,246,000	14,145,000	14,033,000	14,004,000	13,925,000	13,769,000	13,666,000	13,470,000	13,226,000	12,614,000	11,671,000	11,033,000	10,630,000	10,575,000	10,800,000
Total assets	US$ in thousands	26,899,000	27,180,000	26,398,000	26,574,000	26,681,000	25,977,000	26,036,000	25,739,000	25,337,000	24,223,000	24,413,000	24,969,000	24,689,000	24,033,000	23,937,000	24,467,000	24,564,000	23,837,000	23,183,000	23,078,000
Total asset turnover		0.57	0.55	0.55	0.54	0.54	0.55	0.54	0.55	0.55	0.57	0.56	0.55	0.55	0.55	0.53	0.48	0.45	0.45	0.46	0.47

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,237,000K ÷ $26,899,000K
= 0.57

Total asset turnover for IQVIA Holdings Inc has shown a fluctuating trend over the years, starting at 0.47 in March 31, 2020, and gradually increasing to 0.57 by December 31, 2024. This ratio indicates that the company generated $0.47 to $0.57 in revenue for every dollar of assets held during the period. Overall, the increasing trend suggests that IQVIA has become more effective in utilizing its assets to generate sales, potentially improving operational efficiency and profitability. However, further analysis is needed to understand the underlying reasons for these fluctuations and to assess the company's overall financial health.