Merck & Company Inc (MRK)

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	60,114,000	59,314,000	58,311,000	57,869,000	59,283,000	58,974,000	57,169,000	53,978,000	48,704,000	46,131,000	43,906,000	41,857,000	43,287,000	36,488,000	37,956,000	40,363,000	39,122,000	45,971,000	44,368,000	43,073,000
Total assets	US$ in thousands	106,675,000	106,727,000	104,469,000	107,796,000	109,160,000	107,081,000	107,095,000	106,668,000	105,694,000	93,494,000	90,688,000	90,847,000	91,588,000	89,800,000	90,615,000	84,913,000	84,397,000	83,331,000	83,965,000	82,354,000
Total asset turnover		0.56	0.56	0.56	0.54	0.54	0.55	0.53	0.51	0.46	0.49	0.48	0.46	0.47	0.41	0.42	0.48	0.46	0.55	0.53	0.52

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $60,114,000K ÷ $106,675,000K
= 0.56

Merck & Co Inc's total asset turnover has remained relatively stable over the past eight quarters, ranging between 0.49 and 0.56. This ratio indicates that, on average, the company generated $0.56 in revenue for every dollar of assets in Q4 2023. The consistent performance suggests efficient utilization of assets to generate sales. However, the slight decrease in Q1 2023 compared to the previous quarter may warrant further investigation into potential factors influencing the company's ability to generate revenue from its assets. Overall, Merck & Co Inc's total asset turnover reflects a consistent and efficient use of assets to drive revenue.