LivaNova PLC (LIVN)

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	1,207,181	1,181,723	1,134,930	1,096,381	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
Total assets	US$ in thousands	2,506,390	2,521,960	2,453,190	2,459,600	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
Total asset turnover		0.48	0.47	0.46	0.45	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,207,181K ÷ $2,506,390K
= 0.48

The total asset turnover of LivaNova PLC has shown a slightly increasing trend over the past few years, ranging from 0.37 in September 2020 to 0.48 in December 2024. This ratio indicates that, on average, the company generates $0.48 in net sales for every dollar invested in total assets at the end of the period. A higher total asset turnover signifies better efficiency in utilizing assets to generate revenue. It suggests that LivaNova PLC has been more successful in generating sales relative to its asset base in recent periods, which is a positive indication of operational efficiency and effective asset management. Further monitoring of this ratio will be important to assess the company's ongoing performance in utilizing its assets to drive revenue growth.