Organon & Co (OGN)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	6,263,000	6,174,000	6,304,000
Total assets	US$ in thousands	12,058,000	10,955,000	10,681,000
Total asset turnover		0.52	0.56	0.59

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $6,263,000K ÷ $12,058,000K
= 0.52

The total asset turnover ratio for Organon & Co. has been on a declining trend over the past five years, decreasing from 0.74 in 2019 to 0.52 in 2023. This indicates that the company's ability to generate sales from its total assets has been weakening over time. A lower total asset turnover ratio may suggest that the company is not efficiently utilizing its assets to generate revenue. Further investigation into the company's operations and asset management efficiency may be necessary to address the declining trend in total asset turnover.