Merck & Company Inc (MRK)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	64,168,000	60,115,000	59,283,000	48,704,000	41,518,000
Total assets	US$ in thousands	117,106,000	106,675,000	109,160,000	105,694,000	91,588,000
Total asset turnover		0.55	0.56	0.54	0.46	0.45

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $64,168,000K ÷ $117,106,000K
= 0.55

The total asset turnover of Merck & Company Inc has shown an upward trend over the past five years, increasing from 0.45 in December 31, 2020 to 0.55 in December 31, 2024. This indicates that the company has become more efficient in generating sales relative to its total assets. The improvement in total asset turnover suggests that Merck & Company Inc has been able to better utilize its assets to drive revenue growth, which is a positive sign for the company's operational efficiency and profitability.