Masimo Corporation (MASI)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 2,039,900 2,053,900 2,073,900 1,239,150 1,143,740
Total assets US$ in thousands 2,625,700 3,041,500 3,210,600 1,887,000 1,712,550
Total asset turnover 0.78 0.68 0.65 0.66 0.67

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,039,900K ÷ $2,625,700K
= 0.78

Masimo Corporation's total asset turnover has shown a slight fluctuation over the years, decreasing from 0.67 in 2020 to 0.65 in 2022, before experiencing an improvement to 0.78 in 2024. The total asset turnover ratio indicates how efficiently the company is generating sales from its assets. A higher turnover ratio suggests that Masimo Corporation is utilizing its assets effectively to generate revenue. It is essential for the company to continuously monitor and improve this ratio to ensure optimal asset utilization and sustained growth in the future.