ResMed Inc (RMD)

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	4,681,240	4,528,920	4,442,900	4,314,610	4,171,410	4,064,591	3,819,396	3,688,938	3,645,890	3,606,884	3,513,684	3,419,445	3,265,514	3,144,973	3,128,793	3,045,837	2,957,056	2,891,676	2,784,449	2,699,392
Total assets	US$ in thousands	6,872,390	6,814,560	6,905,090	6,740,790	6,751,710	6,713,880	6,676,100	5,177,560	5,095,850	4,905,260	4,734,740	4,729,170	4,728,120	4,585,720	4,572,860	4,620,840	4,587,380	4,510,540	4,353,940	4,154,560
Total asset turnover		0.68	0.66	0.64	0.64	0.62	0.61	0.57	0.71	0.72	0.74	0.74	0.72	0.69	0.69	0.68	0.66	0.64	0.64	0.64	0.65

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,681,240K ÷ $6,872,390K
= 0.68

The total asset turnover ratio for ResMed Inc has fluctuated over the past several quarters, ranging from 0.57 to 0.74. This ratio measures the company's ability to generate sales from its assets, indicating how efficiently management is utilizing its assets to generate revenue. A higher total asset turnover ratio typically indicates better asset utilization.

In the most recent quarter, the total asset turnover was 0.68, suggesting that for every dollar of assets ResMed Inc had, it generated $0.68 in sales. While the ratio has shown some variability, it has generally remained within a relatively consistent range over the period analyzed.

It's essential for ResMed Inc to monitor and potentially improve its total asset turnover ratio over time to ensure optimal asset utilization and maximize profitability. Further analysis and comparison with industry peers can provide additional insights into the company's asset management efficiency.