Bio-Techne Corp (TECH)

Total asset turnover

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Revenue US$ in thousands 1,219,640 1,159,060 1,136,700 1,105,600 931,032
Total assets US$ in thousands 2,557,870 2,703,870 2,638,690 2,294,800 2,262,960
Total asset turnover 0.48 0.43 0.43 0.48 0.41

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,219,640K ÷ $2,557,870K
= 0.48

The total asset turnover ratio for Bio-Techne Corp has exhibited moderate fluctuations over the period from June 30, 2021, through June 30, 2025. Starting at 0.41 in 2021, the ratio increased notably to 0.48 in 2022, indicating an improvement in the company's efficiency in generating sales from its assets. However, this upward trend was not sustained, as the ratio declined to 0.43 in 2023 and remained steady at the same level in 2024. By June 30, 2025, the ratio returned to 0.48, matching the peak observed in 2022. These movements suggest some variability in asset utilization efficiency, with periodic improvements offsetting short-term declines. Overall, the ratio's relative stability around the mid-0.40s indicates that Bio-Techne Corp maintains a fairly consistent level of asset productivity over this period.