Masimo Corporation (MASI)

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	2,027,700	2,041,700	2,025,400	1,980,800	2,054,500	2,137,700	2,211,700	2,330,200	2,062,041	1,774,419	1,519,833	1,244,351	1,239,153	1,206,629	1,177,327	1,173,162	1,143,744	1,096,200	1,047,099	975,798
Total assets	US$ in thousands	2,625,700	3,087,800	2,893,900	2,957,700	3,041,500	2,995,900	3,011,200	3,115,500	3,210,600	3,056,400	2,961,100	1,908,800	1,887,000	1,766,780	1,681,690	1,597,810	1,712,550	1,713,140	1,635,630	1,474,540
Total asset turnover		0.77	0.66	0.70	0.67	0.68	0.71	0.73	0.75	0.64	0.58	0.51	0.65	0.66	0.68	0.70	0.73	0.67	0.64	0.64	0.66

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,027,700K ÷ $2,625,700K
= 0.77

The total asset turnover of Masimo Corporation has fluctuated over the analyzed period, with a range from 0.51 to 0.77. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue.

In this case, we observe that total asset turnover reached its peak at 0.77 on December 31, 2024, indicating that Masimo was able to generate a high amount of sales compared to its total assets during that period. However, the ratio dipped to its lowest point of 0.51 on June 30, 2022, suggesting a lower efficiency in utilizing assets to generate revenue.

Overall, the trend in total asset turnover for Masimo Corporation shows some variability, indicating fluctuations in the company's asset utilization efficiency over the analyzed period. It would be beneficial for the company to closely monitor and manage its asset turnover to ensure optimal efficiency in revenue generation.