Perrigo Company PLC (PRGO)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	4,373,800	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
Total assets	US$ in thousands	9,647,700	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
Total asset turnover		0.45	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,373,800K ÷ $9,647,700K
= 0.45

Perrigo Company PLC has exhibited fluctuations in its total asset turnover ratio over the analyzed period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the efficiency with which the company generates sales revenue relative to its total assets.

The total asset turnover ratio started at 0.44 as of March 31, 2020, decreased slightly to 0.42 by June 30, 2020, before returning to 0.44 by September 30, 2020. The ratio remained stable at 0.44 through March 31, 2021, and then started declining gradually.

From June 30, 2021, the ratio decreased to 0.40 by December 31, 2021, where it stayed consistent through March 31, 2022, June 30, 2022, and September 30, 2022. The ratio then marginally increased to 0.41 by December 31, 2022, before showing a slight uptrend over the subsequent quarters.

As of December 31, 2024, the total asset turnover ratio reached its peak of 0.45. However, in the most recent quarter ending September 30, 2024, the ratio decreased to 0.39.

In conclusion, Perrigo Company PLC's total asset turnover ratio has displayed variability over the analyzed period, indicating fluctuations in sales generation efficiency concerning the company's total asset base. It is essential for stakeholders to monitor this ratio to assess the company's effectiveness in utilizing its assets to generate sales revenue.