Perrigo Company PLC (PRGO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,373,400 | 4,655,600 | 4,451,600 | 4,138,700 | 5,063,300 |
| Total assets | US$ in thousands | 9,647,700 | 10,809,100 | 11,017,300 | 10,425,700 | 11,488,400 |
| Total asset turnover | 0.45 | 0.43 | 0.40 | 0.40 | 0.44 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,373,400K ÷ $9,647,700K
= 0.45
The total asset turnover ratio for Perrigo Company PLC has shown relatively consistent performance over the years, ranging between 0.40 to 0.45. This ratio indicates that for every $1 of total assets the company holds, it generates approximately $0.40 to $0.45 in sales. A lower total asset turnover may suggest inefficiencies in asset utilization, while a higher ratio may indicate better efficiency in generating revenue from its assets. Perrigo's stable total asset turnover suggests that the company has been able to effectively manage and utilize its assets to generate sales, although there may be opportunities for further improvement in asset efficiency.
Peer comparison
Dec 31, 2024