Teledyne Technologies Incorporated (TDY)

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	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	5,669,300	5,592,000	5,551,000	5,601,600	5,635,500	5,628,700	5,589,800	5,520,900	5,458,600	5,416,100	5,364,400	5,129,600	4,614,300	4,047,900	3,485,000	3,107,300	3,086,200	3,111,100	3,164,300	3,203,000
Total assets	US$ in thousands	14,200,500	14,530,900	14,221,100	14,639,200	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,831,400	14,057,400	14,251,100	14,446,000	14,447,500	14,222,900	7,618,400	5,068,600	4,837,000	4,738,200	4,585,000
Total asset turnover		0.40	0.38	0.39	0.38	0.39	0.40	0.39	0.38	0.38	0.39	0.38	0.36	0.32	0.28	0.25	0.41	0.61	0.64	0.67	0.70

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,669,300K ÷ $14,200,500K
= 0.40

Teledyne Technologies Incorporated's total asset turnover has shown a declining trend from March 31, 2020, to December 31, 2024. The ratio decreased from 0.70 in March 2020 to 0.40 by the end of December 2024. This indicates that the company's ability to generate sales from its total assets has been gradually decreasing over the period under review.

Although there have been fluctuations in the total asset turnover ratio over the quarters, the overall trend is a downward trajectory. A lower total asset turnover ratio suggests that the company is less efficient in utilizing its assets to generate revenue.

It is important for Teledyne Technologies Incorporated to closely monitor and analyze the factors contributing to this decline in total asset turnover to improve operational efficiency and overall performance in the future.