Medpace Holdings Inc (MEDP)

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	1,899,742	1,816,339	1,717,384	1,607,723	1,488,796	1,387,029	1,289,052	1,216,138	1,145,156	1,094,017	1,028,823	955,525	926,439	896,133	881,998	891,107	860,969	823,198	786,213	742,253
Total assets	US$ in thousands	1,656,830	1,486,720	1,406,940	1,395,720	1,352,500	1,328,420	1,315,450	1,344,350	1,659,940	1,577,140	1,469,710	1,451,360	1,390,680	1,296,140	1,222,130	1,137,630	1,143,070	1,072,330	1,016,860	1,006,520
Total asset turnover		1.15	1.22	1.22	1.15	1.10	1.04	0.98	0.90	0.69	0.69	0.70	0.66	0.67	0.69	0.72	0.78	0.75	0.77	0.77	0.74

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,899,742K ÷ $1,656,830K
= 1.15

Medpace Holdings Inc's total asset turnover has shown variability over the past eight quarters. The trend indicates that the company has been improving its efficiency in generating sales from its total assets. The total asset turnover increased from 0.90 in Q1 2022 to 1.14 in Q4 2023, suggesting that the company has been more effective in utilizing its assets to generate revenue over time. This improvement is a positive sign of efficiency and utilization of resources within the organization. It is important for Medpace Holdings Inc to continue monitoring and maintaining a healthy total asset turnover ratio to ensure optimal asset management and profitability in the future.