Integer Holdings Corp (ITGR)
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 | 1,732,282 | 1,695,936 | 1,669,212 | 1,632,683 | 1,596,673 | 1,555,945 | 1,493,932 | 1,443,969 | 1,376,096 | 1,316,688 | 1,279,582 | 1,241,524 | 1,221,079 | 1,177,023 | 1,107,391 | 1,035,483 | 1,073,442 | 1,130,120 | 1,197,765 | 1,271,844 |
| Total assets | US$ in thousands | 3,077,970 | 3,167,650 | 3,126,410 | 3,116,010 | 2,942,650 | 2,839,350 | 2,861,340 | 2,873,550 | 2,794,390 | 2,738,470 | 2,758,090 | 2,608,040 | 2,582,220 | 2,348,130 | 2,359,140 | 2,343,350 | 2,371,860 | 2,449,000 | 2,523,460 | 2,398,030 |
| Total asset turnover | 0.56 | 0.54 | 0.53 | 0.52 | 0.54 | 0.55 | 0.52 | 0.50 | 0.49 | 0.48 | 0.46 | 0.48 | 0.47 | 0.50 | 0.47 | 0.44 | 0.45 | 0.46 | 0.47 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,732,282K ÷ $3,077,970K
= 0.56
The total asset turnover ratio for Integer Holdings Corp has shown a fluctuating trend over the past few years, ranging from 0.44 to 0.56. The ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is more effective in utilizing its assets to generate sales.
Initially, the total asset turnover was relatively low at 0.53 in March 2020, indicating that the company was generating $0.53 in sales for every dollar of assets. The ratio saw a decline by December 2020, reaching 0.45, signaling a decrease in efficiency in asset utilization.
Subsequently, the ratio showed slight fluctuations but generally remained in the range of 0.44 to 0.56 up to December 2024. Notably, the ratio peaked at 0.56 by December 2024, suggesting improved efficiency in generating sales revenue from assets compared to the earlier years.
Overall, the total asset turnover ratio of Integer Holdings Corp has displayed variability over the analyzed period, with the company showing signs of enhanced efficiency in utilizing its assets to drive sales. Further monitoring of this ratio will help assess the company's ongoing operational effectiveness and financial performance in the future.
Peer comparison
Dec 31, 2024