Integer Holdings Corp (ITGR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,716,600 | 1,596,670 | 1,376,100 | 1,221,080 | 1,073,440 |
| Total assets | US$ in thousands | 3,077,970 | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 |
| Total asset turnover | 0.56 | 0.54 | 0.49 | 0.47 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,716,600K ÷ $3,077,970K
= 0.56
Integer Holdings Corp's total asset turnover has been steadily increasing over the past few years, from 0.45 in 2020 to 0.56 in 2024. This indicates that the company is becoming more efficient in generating revenue from its assets. A higher total asset turnover ratio suggests that the company is using its assets more effectively to generate sales. This improvement may be attributed to better management of inventory, more efficient operations, or increased sales volume. Overall, the trend in total asset turnover for Integer Holdings Corp reflects positive operational efficiency and effective asset utilization.
Peer comparison
Dec 31, 2024