Perrigo Company PLC (PRGO)

Total asset turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	4,392,400	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
Total assets	US$ in thousands	11,203,200	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
Total asset turnover		0.39	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,392,400K ÷ $11,203,200K
= 0.39

Perrigo Company PLC's total asset turnover ratio has shown consistency over the past 20 quarters, ranging between 0.39 and 0.44. The ratio measures the efficiency of the company in generating revenue from its total assets.

The gradual increase from 0.39 in September 2020 to a peak of 0.44 in December 2020 suggests improved asset utilization during that period. However, the ratio fluctuated within the range of 0.40 to 0.42 for most quarters, indicating relatively stable asset turnover efficiency.

Overall, Perrigo's total asset turnover ratio reflects a moderate level of efficiency in generating sales from its asset base over the period under consideration. This consistency could imply that the company has been effectively managing its assets to drive revenue generation.