Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020
Revenue (ttm)	US$ in thousands	2,755,399	2,792,741	2,753,945	2,745,319	2,747,137	2,721,641	2,788,191	3,000,774	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
Total assets	US$ in thousands	12,392,500	12,769,700	13,424,800	13,432,700	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
Total asset turnover		0.22	0.22	0.21	0.20	0.20	0.20	0.20	0.20	0.23	0.26	0.26	0.25	0.26	0.28	0.49	0.47	0.48	0.47	0.45	0.45

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,755,399K ÷ $12,392,500K
= 0.22

The total asset turnover ratio for Revvity Inc. has been fluctuating over the years based on the provided data. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.

From April 5, 2020, to December 31, 2021, the total asset turnover ratio remained relatively stable, hovering around 0.45 to 0.48. This suggests that the company was effectively generating sales in relation to its total assets during this period.

However, starting from September 30, 2021, there was a significant decline in the total asset turnover ratio, dropping to 0.26 by June 30, 2022. This may indicate that the efficiency of Revvity Inc. in utilizing its assets to generate revenue decreased during this period.

The ratio continued to decline gradually from September 30, 2022, to December 31, 2024, ranging from 0.20 to 0.22. This downward trend may signal potential inefficiencies in asset utilization or a decrease in revenue generation relative to the total assets held by the company.

Overall, the decreasing trend in the total asset turnover ratio for Revvity Inc. from 2021 to 2024 suggests a potential need for the company to review and improve its asset management and revenue generation strategies to enhance efficiency and profitability in the future.