Masimo Corporation (MASI)
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 | 2,047,100 | 2,130,300 | 2,204,300 | 2,322,800 | 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 | 937,837 | 913,459 | 895,031 | 877,000 |
| Total assets | US$ in thousands | 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 | 1,396,130 | 1,314,210 | 1,229,850 | 1,179,380 |
| Total asset turnover | 0.67 | 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 | 0.67 | 0.70 | 0.73 | 0.74 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,047,100K ÷ $3,041,500K
= 0.67
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. Masimo Corporation's total asset turnover has exhibited some fluctuation over the past several quarters. The ratio ranged from a low of 0.51 in June 2022 to a high of 0.75 in March 2023.
During the most recent quarter, the total asset turnover was 0.67, indicating that for every dollar of total assets, Masimo generated $0.67 in sales. This suggests that the company is efficiently utilizing its assets to generate revenue.
Overall, Masimo Corporation's total asset turnover has generally trended upwards from 2019 to 2023, with some variability in between. This improvement in the ratio reflects the company's ability to efficiently use its assets to drive sales growth.
Peer comparison
Dec 31, 2023