Teleflex Incorporated (TFX)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 3,047,320 2,974,490 2,791,040 2,809,560 2,537,160
Total assets US$ in thousands 7,097,910 7,532,550 6,928,060 6,871,720 7,152,560
Total asset turnover 0.43 0.39 0.40 0.41 0.35

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,047,320K ÷ $7,097,910K
= 0.43

Teleflex Incorporated's total asset turnover has shown a fluctuating trend over the past five years. Starting at 0.35 in December 2020, it increased to 0.41 in December 2021, indicating a higher efficiency in generating revenue from its total assets. However, in the following years, the total asset turnover slightly decreased to 0.40 in 2022, 0.39 in 2023, before rising to 0.43 in December 2024.

This pattern suggests that Teleflex's efficiency in utilizing its total assets to generate sales improved initially but experienced some setbacks in subsequent years. Overall, the company's ability to generate revenue from its assets has shown some variability but appears to have improved slightly by the end of the period. It is essential for Teleflex to continue monitoring and managing its asset turnover to ensure optimal utilization and profitability.