Masimo Corporation (MASI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,053,900 | 2,073,900 | 1,239,150 | 1,143,740 | 937,837 |
| Total assets | US$ in thousands | 3,041,500 | 3,210,600 | 1,887,000 | 1,712,550 | 1,396,130 |
| Total asset turnover | 0.68 | 0.65 | 0.66 | 0.67 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,053,900K ÷ $3,041,500K
= 0.68
The total asset turnover of Masimo Corporation has been relatively stable over the past five years, with values ranging from 0.65 to 0.68. This metric indicates that for every dollar invested in total assets, the company generates between $0.65 and $0.68 in revenue.
A total asset turnover of less than one suggests that Masimo is not generating a high level of revenue relative to its total assets. However, the consistency of the metric over the years may indicate a stable utilization of assets in generating revenue.
Further analysis would be needed to understand the reasons for the relatively low total asset turnover and to evaluate if there are any opportunities for improvement in asset management efficiency to enhance revenue generation.
Peer comparison
Dec 31, 2023