Revvity Inc. (RVTY)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,750,570	3,311,820	3,827,810	3,782,740	2,883,670
Total assets	US$ in thousands	13,564,700	14,129,900	15,000,600	7,960,320	6,538,560
Total asset turnover		0.20	0.23	0.26	0.48	0.44

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,750,570K ÷ $13,564,700K
= 0.20

The total asset turnover ratio of Revvity Inc. has decreased over the past five years, from 0.44 in December 2019 to 0.20 in December 2023. This indicates that the company generated $0.20 in revenue for every $1 of assets in 2023, compared to $0.44 in 2019. The declining trend in total asset turnover suggests inefficiency in utilizing assets to generate sales. Further examination of the company's operations and asset management practices is warranted to improve efficiency and profitability.