LeMaitre Vascular Inc (LMAT)

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	289,940	282,011	312,579	295,977	281,639	280,188	278,441	275,316	267,547	265,592	262,196	231,031	220,642	213,264	198,609	208,001	203,956	202,175	168,273	142,095
Total assets	US$ in thousands	346,778	334,012	326,467	314,866	310,476	302,048	299,425	292,453	292,802	289,473	246,505	247,369	252,810	261,569	255,717	184,557	188,341	170,014	162,661	160,252
Total asset turnover		0.84	0.84	0.96	0.94	0.91	0.93	0.93	0.94	0.91	0.92	1.06	0.93	0.87	0.82	0.78	1.13	1.08	1.19	1.03	0.89

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $289,940K ÷ $346,778K
= 0.84

The total asset turnover of Lemaitre Vascular Inc has ranged between 0.52 and 0.56 over the past eight quarters. This ratio indicates how efficiently the company is generating sales from its total assets. The stable range suggests that Lemaitre Vascular Inc has been effectively utilizing its assets to generate revenue.

A total asset turnover of 0.56 means that the company is generating $0.56 in sales for every $1 of total assets it holds. This indicates that Lemaitre Vascular Inc is efficient in using its assets to drive revenue. A consistent total asset turnover ratio over time can be a positive sign of operational efficiency and effective resource management within the company.