Organon & Co (OGN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,403,000 | 6,263,000 | 6,174,000 | 6,304,000 | 8,096,000 |
| Total assets | US$ in thousands | 13,101,000 | 12,058,000 | 10,955,000 | 10,681,000 | 10,434,000 |
| Total asset turnover | 0.49 | 0.52 | 0.56 | 0.59 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,403,000K ÷ $13,101,000K
= 0.49
The total asset turnover ratio for Organon & Co has been showing a declining trend over the past five years, decreasing from 0.78 in December 2020 to 0.49 in December 2024. This indicates that the company generated less revenue for each dollar of assets it held during this period. A decreasing total asset turnover could suggest inefficiencies in asset utilization or declining sales volumes relative to the size of the asset base. Further analysis of the company's operational efficiency and sales performance would be recommended to understand the underlying factors contributing to this trend and to formulate potential strategies for improvement.
Peer comparison
Dec 31, 2024