LivaNova PLC (LIVN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,223,070 | 1,093,990 | 973,933 | 923,733 | 894,804 |
| Total assets | US$ in thousands | 2,506,390 | 2,429,560 | 2,294,770 | 2,200,950 | 2,399,960 |
| Total asset turnover | 0.49 | 0.45 | 0.42 | 0.42 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,223,070K ÷ $2,506,390K
= 0.49
The total asset turnover ratio for LivaNova PLC has been showing a positive trend over the years, increasing from 0.37 in December 31, 2020, to 0.49 in December 31, 2024. This indicates that the company is becoming more efficient in generating revenue from its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets more effectively to generate sales. This improvement in asset turnover could be attributed to better management of inventory, more effective asset utilization, or increased sales efficiency. Overall, the increasing trend in LivaNova PLC's total asset turnover ratio reflects a positive trajectory in the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024