IQVIA Holdings Inc (IQV)

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	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	10,726,000	10,519,000	10,377,000	10,209,000
Total assets	US$ in thousands	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	23,251,000	22,892,000	23,068,000	23,109,000
Total asset turnover		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	0.46	0.46	0.45	0.44

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,308,000K ÷ $26,681,000K
= 0.54

Total asset turnover is a financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing net sales by average total assets.

Based on the data provided, IQVIA Holdings Inc's total asset turnover has been relatively stable over the past eight quarters, ranging between 0.56 and 0.59. This suggests that the company is consistently generating revenue in relation to its assets.

A total asset turnover ratio of less than 1 typically indicates that the company is not generating enough revenue relative to its assets. In the case of IQVIA Holdings Inc, the ratio is consistently below 1, indicating that the company may have a higher level of assets compared to its revenue generation.

While a stable total asset turnover ratio can indicate operational efficiency, it is also important to consider industry averages and trends over time to fully assess the company's performance.