LivaNova PLC (LIVN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,093,990 | 973,933 | 923,733 | 894,804 | 1,069,080 |
| Total assets | US$ in thousands | 2,429,560 | 2,294,770 | 2,200,950 | 2,399,960 | 2,411,800 |
| Total asset turnover | 0.45 | 0.42 | 0.42 | 0.37 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,093,990K ÷ $2,429,560K
= 0.45
The total asset turnover ratio for LivaNova PLC has shown some fluctuations over the past five years, ranging from 0.39 to 0.47. This ratio indicates how efficiently the company is generating sales from its total assets. A higher ratio generally signifies better asset utilization and revenue generation.
The company's total asset turnover was relatively stable between 2019 and 2021, but saw a dip in 2020 before recovering in 2023. This improvement in 2023 could suggest enhanced efficiency in utilizing assets to generate sales.
Overall, it is essential for LivaNova PLC to continue monitoring and managing its asset turnover ratio to ensure optimal utilization of resources and maximize revenue generation.
Peer comparison
Dec 31, 2023