LeMaitre Vascular Inc (LMAT)

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	219,863	213,029	205,621	199,887	193,484	185,555	177,172	169,165	161,651	160,200	159,540	158,102	154,424	152,469	150,517	134,698	129,366	121,988	114,672	119,304
Total assets	US$ in thousands	551,817	377,025	363,079	353,957	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
Total asset turnover		0.40	0.57	0.57	0.56	0.56	0.56	0.54	0.54	0.52	0.53	0.53	0.54	0.53	0.53	0.61	0.54	0.51	0.47	0.45	0.65

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $219,863K ÷ $551,817K
= 0.40

LeMaitre Vascular Inc's total asset turnover has fluctuated over the years, indicating variations in how efficiently the company is utilizing its assets to generate sales. From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from a low of 0.40 to a high of 0.65.

The trend of the total asset turnover ratio shows a general decrease in efficiency from the initial period to the end of the period, with a slight recovery in the last quarter of 2024.

The company's ability to generate sales from its total assets has diminished over time, as evidenced by the decreasing trend. This could be a cause for concern as it suggests that LeMaitre Vascular Inc may not be utilizing its assets effectively to drive revenue growth.

Further analysis may be required to understand the reasons behind the fluctuations in the total asset turnover ratio and to identify potential strategies for improving asset utilization and operational efficiency.