Perrigo Company PLC (PRGO)

Total asset turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Total assets	US$ in thousands	10,397,300	10,640,300	10,809,100	10,758,300	10,964,700	10,954,900	11,017,300	10,677,500	10,919,600	10,389,500	10,425,700	10,915,900	11,230,300	11,324,800	11,488,400	11,576,000	12,128,300	11,400,700	11,301,400	11,310,800
Total asset turnover		0.43	0.43	0.43	0.43	0.42	0.42	0.40	0.41	0.40	0.40	0.40	0.40	0.40	0.42	0.44	0.44	0.42	0.44	0.43	0.42

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,428,700K ÷ $10,397,300K
= 0.43

Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales from its total assets. Perrigo Company PLC has maintained a relatively stable total asset turnover ratio ranging from 0.40 to 0.44 over the past several quarters. This indicates that the company is able to generate approximately $0.40 to $0.44 in sales for every $1 of assets it holds.

A total asset turnover ratio of 0.40 to 0.44 suggests that Perrigo is utilizing its assets efficiently to generate revenue. However, it is crucial to consider industry benchmarks and comparisons with competitors to fully evaluate the company's performance in this aspect. Overall, the consistent nature of the total asset turnover ratio demonstrates Perrigo's ability to effectively generate sales from its asset base over the analyzed periods.