Merit Medical Systems Inc (MMSI)

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 1,346,822 1,311,388 1,282,089 1,260,472 1,241,203 1,213,421 1,188,414 1,165,681 1,144,662 1,131,114 1,111,439 1,096,568 1,069,451 1,049,645 1,025,702 962,507 955,554 955,472 953,411 990,405
Total assets US$ in thousands 2,418,600 2,378,080 2,371,840 2,326,350 2,325,240 1,808,500 1,837,570 1,684,110 1,663,970 1,632,740 1,631,520 1,629,740 1,648,290 1,643,170 1,642,390 1,651,720 1,664,400 1,670,510 1,715,870 1,749,270
Total asset turnover 0.56 0.55 0.54 0.54 0.53 0.67 0.65 0.69 0.69 0.69 0.68 0.67 0.65 0.64 0.62 0.58 0.57 0.57 0.56 0.57

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,346,822K ÷ $2,418,600K
= 0.56

The total asset turnover ratio of Merit Medical Systems Inc has shown a moderately increasing trend from 0.57 in March 2020 to 0.56 in June 2020, and a gradual improvement to reach 0.69 by December 2022. However, there was a slight decline to 0.53 by December 2023 before slightly recovering to 0.56 by December 2024. This indicates that, on average, the company generated $0.56 to $0.69 in sales for every dollar invested in total assets during the period under review. Overall, while the ratio has fluctuated over time, the general trend suggests an efficient utilization of assets to generate revenue, albeit with some variability.