Mesa Laboratories Inc (MLAB)

Total asset turnover

		Mar 31, 2025	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
Revenue (ttm)	US$ in thousands	240,978	237,747	228,380	223,712	216,187	212,874	213,688	219,272	219,080	222,368	222,777	199,868	184,335	163,420	142,896	138,916	133,937	130,181	127,664	121,340
Total assets	US$ in thousands	—	437,148	454,098	440,361	446,796	741,769	637,188	642,611	661,832	662,984	656,231	685,811	707,369	721,712	609,102	612,490	600,151	621,636	588,932	576,733
Total asset turnover		—	0.54	0.50	0.51	0.48	0.29	0.34	0.34	0.33	0.34	0.34	0.29	0.26	0.23	0.23	0.23	0.22	0.21	0.22	0.21

March 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $240,978K ÷ $—K
= —

The total asset turnover ratio for Mesa Laboratories Inc has shown a fluctuating trend over the periods specified. The ratio increased steadily from 0.21 as of June 30, 2020, to reach 0.34 as of September 30, 2022, before slightly dropping to 0.29 by December 31, 2023. The ratio then saw a significant jump to 0.48 as of March 31, 2024, and continued to rise, reaching 0.54 by December 31, 2024.

Overall, the increasing trend in the total asset turnover ratio indicates that Mesa Laboratories Inc has been more efficient in utilizing its assets to generate revenue. The company's ability to generate sales relative to its level of assets has generally improved over the specified periods, reflecting positively on its asset management efficiency.