Organon & Co (OGN)

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
Revenue (ttm) US$ in thousands 6,263,000 6,150,000 6,168,000 6,145,000 6,174,000 6,292,000 6,355,000 6,365,000 6,304,000
Total assets US$ in thousands 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
Total asset turnover 0.52 0.56 0.56 0.57 0.56 0.60 0.60 0.60 0.59

December 31, 2023 calculation

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

The total asset turnover of Organon & Co. has shown a declining trend over the past few quarters, starting at 0.60 in Q1 2022 and steadily decreasing to 0.52 in Q4 2023. This indicates that the company is generating less revenue relative to its total assets in recent quarters compared to the previous year. A total asset turnover below 1 suggests that Organon & Co. is not efficiently utilizing its assets to generate sales.

It is important for the company to closely monitor and potentially improve its asset management strategies to enhance efficiency and profitability. Additionally, a sustained low total asset turnover ratio may raise concerns among investors and creditors regarding the company's operational effectiveness and financial health. Further analysis of the underlying reasons for this declining trend is recommended to identify potential areas of improvement.


Peer comparison

Dec 31, 2023