Revvity Inc. (RVTY)

Total asset turnover

		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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,769,887	2,744,391	2,810,941	3,023,524	3,311,822	3,598,518	3,748,030	3,763,135	3,827,812	4,154,512	4,257,222	4,158,193	3,782,749	3,233,635	2,976,533	2,887,332	2,883,673	2,834,526	2,801,916	2,782,761
Total assets	US$ in thousands	13,564,700	13,421,500	14,218,500	14,638,200	14,129,900	13,823,800	14,189,700	14,848,500	15,000,600	14,899,800	8,739,460	8,762,720	7,960,320	6,865,560	6,636,820	6,384,400	6,538,560	6,489,080	6,399,070	6,086,500
Total asset turnover		0.20	0.20	0.20	0.21	0.23	0.26	0.26	0.25	0.26	0.28	0.49	0.47	0.48	0.47	0.45	0.45	0.44	0.44	0.44	0.46

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,769,887K ÷ $13,564,700K
= 0.20

The total asset turnover of Revvity Inc. has been fluctuating over the past eight quarters, ranging from a low of 0.16 to a high of 0.35. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio is generally preferred as it signifies that the company is generating more revenue per dollar of assets.

In Q4 2023, the total asset turnover decreased to 0.20 from the previous quarter's value of 0.16. This suggests that the company may be experiencing challenges in efficiently utilizing its assets to generate revenue in that quarter.

Comparing Q4 2023 to the same quarter in the previous year, there has been a noticeable decrease from a total asset turnover of 0.23 to 0.20. This decline might indicate a decrease in operational efficiency or changes in business strategy affecting asset utilization.

Overall, Revvity Inc.'s total asset turnover has shown some variability over time, and further analysis of the company's operational and financial performance would be necessary to understand the underlying reasons for these fluctuations and identify potential areas for improvement in asset utilization.