Teledyne Technologies Incorporated (TDY)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	5,580,800	5,567,100	5,524,600	5,464,500	5,379,900	5,336,400	5,282,900	5,038,800	4,510,100	3,987,200	3,444,000	3,083,800	3,094,300	3,099,200	3,151,000	3,188,000	3,147,300	3,061,500	2,984,100	2,940,000
Total assets	US$ in thousands	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,826,400	14,047,500	14,251,100	14,430,300	14,447,500	14,222,900	7,618,400	5,084,800	4,837,000	4,738,200	4,585,000	4,579,800	4,479,600	4,200,200	4,161,700
Total asset turnover		0.38	0.39	0.39	0.38	0.37	0.39	0.38	0.35	0.31	0.28	0.24	0.40	0.61	0.64	0.67	0.70	0.69	0.68	0.71	0.71

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,580,800K ÷ $14,527,900K
= 0.38

Teledyne Technologies Inc's total asset turnover has shown consistency in the range of 0.36 to 0.40 over the past eight quarters, indicating that the company is generating revenue relative to its total assets at a relatively stable rate. A total asset turnover below 1 suggests that the company is not efficiently utilizing its assets to generate sales revenue. While the figures are relatively stable, a total asset turnover closer to 0.40 indicates that the company is improving its efficiency in generating revenue from its total assets. It would be beneficial for stakeholders to monitor future trends in total asset turnover to assess the company's ability to effectively utilize its assets.