Laboratory Corporation of America Holdings (LH)
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 | 13,008,900 | 12,712,800 | 12,487,600 | 12,300,400 | 12,161,600 | 15,070,900 | 14,880,900 | 14,770,200 | 15,632,000 | 13,745,500 | 14,941,300 | 15,859,000 | 16,120,900 | 16,554,600 | 16,388,100 | 15,316,200 | 13,978,500 | 12,442,100 | 11,474,500 | 11,587,400 |
| Total assets | US$ in thousands | 18,379,000 | 18,612,500 | 16,712,300 | 16,531,000 | 16,725,100 | 16,886,000 | 17,718,700 | 20,200,000 | 20,155,100 | 19,826,000 | 20,403,100 | 20,728,400 | 20,385,400 | 20,866,500 | 20,417,100 | 20,417,100 | 20,071,700 | 18,739,600 | 17,849,100 | 17,298,400 |
| Total asset turnover | 0.71 | 0.68 | 0.75 | 0.74 | 0.73 | 0.89 | 0.84 | 0.73 | 0.78 | 0.69 | 0.73 | 0.77 | 0.79 | 0.79 | 0.80 | 0.75 | 0.70 | 0.66 | 0.64 | 0.67 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,008,900K ÷ $18,379,000K
= 0.71
The total asset turnover ratio of Laboratory Corporation of America Holdings has been fluctuating over the past years, ranging between 0.64 and 0.89. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio typically signifies better efficiency in asset utilization.
From March 31, 2020, to December 31, 2021, the total asset turnover ratio showed a steady improvement from 0.67 to 0.79, indicating an enhanced efficiency in utilizing the company's assets to generate sales. However, there was a slight decline in the ratio in the first half of 2022, followed by a peak of 0.89 in September 30, 2023. This peak suggests a significant improvement in asset utilization efficiency.
In the latter half of 2023 and into 2024, there were fluctuations in the total asset turnover ratio, hovering around the range of 0.68 to 0.75. While these figures indicate a decent level of asset utilization efficiency, the slight variability may imply potential changes in the company's operational activities impacting asset turnover.
Overall, the trend in the total asset turnover ratio of Laboratory Corporation of America Holdings reflects varying degrees of efficiency in utilizing its assets to generate revenue, with periods of improvement and slight fluctuations.
Peer comparison
Dec 31, 2024