LeMaitre Vascular Inc (LMAT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 219,863 | 193,484 | 161,651 | 154,424 | 129,366 |
| Total assets | US$ in thousands | 551,817 | 346,778 | 310,476 | 292,802 | 252,810 |
| Total asset turnover | 0.40 | 0.56 | 0.52 | 0.53 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $219,863K ÷ $551,817K
= 0.40
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of LeMaitre Vascular Inc, the total asset turnover has shown some fluctuations over the years.
In 2020, the total asset turnover was 0.51, indicating that the company generated $0.51 in revenue for every $1 of assets. This ratio slightly improved to 0.53 in 2021, suggesting a slightly better utilization of assets to generate revenue.
However, in 2022, the total asset turnover dipped to 0.52 before increasing to 0.56 in 2023, indicating that the company became more efficient in generating revenue from its assets.
The ratio then saw a significant decrease to 0.40 in 2024, suggesting a decline in the company's ability to generate revenue from its assets efficiently.
Overall, LeMaitre Vascular Inc's total asset turnover has exhibited some variability, with fluctuations in efficiency in utilizing assets to generate revenue over the years. Further analysis of the company's operational and financial strategies may provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024