Medpace Holdings Inc (MEDP)

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	2,108,554	2,068,966	2,028,148	1,960,912	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
Total assets	US$ in thousands	2,100,870	2,084,060	1,920,050	1,795,790	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
Total asset turnover		1.00	0.99	1.06	1.09	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,108,554K ÷ $2,100,870K
= 1.00

The total asset turnover ratio measures how efficiently a company is using its total assets to generate revenue. A high total asset turnover indicates that the company is effectively utilizing its assets to generate sales.

Analyzing the data provided for Medpace Holdings Inc:
- The total asset turnover ratio decreased from 0.78 in March 2020 to 0.67 in December 2021, indicating a decline in the company's ability to generate revenue from its total assets during this period.
- From March 2022 onwards, there was a significant improvement in the total asset turnover ratio, reaching a peak of 1.22 in June 2023.
- Subsequently, the ratio declined slightly to 1.00 by December 2024.

Overall, the trend in Medpace Holdings Inc's total asset turnover ratio shows fluctuations over time, with periods of both improvement and decline. The company experienced a period of decreased efficiency in asset utilization followed by a notable recovery and stabilization of the ratio towards the end of the period analyzed.