Organon & Co (OGN)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,403,000 | 6,409,000 | 6,346,000 | 6,347,000 | 6,263,000 | 6,150,000 | 6,168,000 | 6,145,000 | 6,174,000 | 6,293,000 | 6,356,000 | 6,366,000 | 6,305,000 | 7,878,000 | 7,891,000 | 7,822,000 | 8,096,000 |
| Total assets | US$ in thousands | 13,101,000 | 12,752,000 | 12,154,000 | 11,891,000 | 12,058,000 | 11,012,000 | 10,979,000 | 10,763,000 | 10,955,000 | 10,437,000 | 10,614,000 | 10,597,000 | 10,681,000 | 11,335,000 | 10,908,000 | 9,642,000 | 10,434,000 |
| Total asset turnover | 0.49 | 0.50 | 0.52 | 0.53 | 0.52 | 0.56 | 0.56 | 0.57 | 0.56 | 0.60 | 0.60 | 0.60 | 0.59 | 0.70 | 0.72 | 0.81 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,403,000K ÷ $13,101,000K
= 0.49
Total asset turnover is a metric used to assess a company's efficiency in generating revenue from its assets. A higher total asset turnover ratio indicates that the company is more effective at utilizing its assets to generate sales.
Analyzing the data provided for Organon & Co, we can observe fluctuations in the total asset turnover ratio over the reporting periods. The total asset turnover ratio ranged from 0.78 on December 31, 2020, to 0.49 on December 31, 2024.
The trend indicates a gradual decline in the total asset turnover ratio over the periods, suggesting that the company may be becoming less efficient in utilizing its assets to generate sales. A decreasing total asset turnover ratio could be attributed to various factors such as inefficient asset management, declining sales, or an increase in total assets without corresponding growth in revenue.
It is essential for Organon & Co to closely monitor and address the factors affecting its total asset turnover to improve efficiency and profitability in the future. Further analysis and comparison with industry benchmarks may provide valuable insights into the company's performance and competitiveness.
Peer comparison
Dec 31, 2024