Integer Holdings Corp (ITGR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,533,820 | 1,330,020 | 1,187,800 | 1,040,450 | 1,207,820 |
| Total assets | US$ in thousands | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 | 2,353,090 |
| Total asset turnover | 0.52 | 0.48 | 0.46 | 0.44 | 0.51 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,533,820K ÷ $2,942,650K
= 0.52
The total asset turnover of Integer Holdings Corp has demonstrated a fluctuating trend over the past five years. The ratio increased from 0.45 in 2020 to 0.54 in 2023, indicating that the company generated $0.54 in revenues for every dollar of total assets in 2023. Overall, the company's efficiency in generating revenue from its total assets has improved since 2020. However, it is important to note that the ratio declined in 2022 before rebounding in 2023. This fluctuation suggests that Integer Holdings Corp may have experienced variations in its asset utilization and revenue generation strategies during this period. Further analysis of the company's operational performance and asset management practices would provide greater insight into the factors influencing these changes in total asset turnover.
Peer comparison
Dec 31, 2023