Teledyne Technologies Incorporated (TDY)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,670,000	5,635,500	5,458,600	4,614,300	3,086,200
Total assets	US$ in thousands	14,200,500	14,527,900	14,354,000	14,446,000	5,068,600
Total asset turnover		0.40	0.39	0.38	0.32	0.61

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,670,000K ÷ $14,200,500K
= 0.40

Total asset turnover is a key financial ratio that measures a company's ability to generate sales from its total assets. For Teledyne Technologies Incorporated, the total asset turnover has shown some fluctuation over the years.

As of December 31, 2020, the total asset turnover stood at 0.61, indicating that the company generated $0.61 in sales for every $1 of total assets. However, by December 31, 2021, this ratio dropped to 0.32, suggesting a decline in the efficiency of utilizing assets to generate revenue.

There was a slight improvement in the total asset turnover for the subsequent years, with ratios of 0.38, 0.39, and 0.40 recorded for the years ending December 31, 2022, December 31, 2023, and December 31, 2024, respectively. This indicates that Teledyne Technologies has been able to enhance its asset utilization efficiency gradually over these years.

Overall, the trend in total asset turnover for Teledyne Technologies showcases some variability but suggests a general improvement in the company's ability to generate sales from its total asset base from 2021 onwards. However, management should continue to monitor and potentially optimize asset utilization strategies to further enhance operational efficiency.