LivaNova PLC (LIVN)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,093,987	1,057,777	1,026,749	989,010	971,142	983,022	925,125	933,289	932,621	932,112	974,900	901,723	907,604	925,639	964,065	1,062,089	1,073,680	1,083,073	1,091,319	1,105,702
Total assets	US$ in thousands	2,429,560	2,329,420	2,341,560	2,294,890	2,294,770	2,212,880	2,336,240	2,416,880	2,200,950	2,203,410	2,396,520	2,369,170	2,399,960	2,521,750	2,502,660	2,454,440	2,411,800	2,509,940	2,621,660	2,599,540
Total asset turnover		0.45	0.45	0.44	0.43	0.42	0.44	0.40	0.39	0.42	0.42	0.41	0.38	0.38	0.37	0.39	0.43	0.45	0.43	0.42	0.43

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,093,987K ÷ $2,429,560K
= 0.45

LivaNova PLC's total asset turnover has been relatively stable over the past eight quarters, ranging between 0.43 and 0.48. This indicates that the company generates approximately 43% to 48% of revenue for every dollar of total assets it holds. The fluctuations in total asset turnover are relatively small, suggesting that the company has been able to effectively utilize its assets to generate revenue consistently. It is important for LivaNova to maintain a healthy balance between asset utilization and revenue generation to ensure long-term profitability and growth.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

LivaNova PLC

LIVN

0.45

BioLife Solutions Inc