Teleflex Incorporated (TFX)

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	3,047,324	3,025,824	3,007,838	3,001,406	2,974,489	2,958,576	2,898,975	2,860,258	2,791,041	2,794,959	2,808,422	2,817,353	2,809,563	2,758,828	2,686,878	2,540,439	2,537,156	2,506,929	2,526,947	2,612,420
Total assets	US$ in thousands	7,097,910	7,486,290	7,441,640	7,477,920	7,532,550	7,493,630	6,895,720	6,917,920	6,928,060	6,758,090	6,731,850	6,873,310	6,871,720	7,039,960	7,066,390	7,028,020	7,152,560	6,613,290	6,765,130	6,701,560
Total asset turnover		0.43	0.40	0.40	0.40	0.39	0.39	0.42	0.41	0.40	0.41	0.42	0.41	0.41	0.39	0.38	0.36	0.35	0.38	0.37	0.39

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,047,324K ÷ $7,097,910K
= 0.43

Teleflex Incorporated's total asset turnover ratio has ranged from 0.35 to 0.43 over the past five years. The ratio measures how efficiently the company generates sales revenue from its assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate revenue.

From the data provided, we observe that there was a slight decline in the total asset turnover from 0.39 in March 2020 to 0.35 in December 2020, indicating a potential decrease in asset efficiency during that period. However, the ratio improved gradually over the following years, reaching a peak of 0.43 by December 2024.

Teleflex's consistent maintenance of total asset turnover above 0.40 in recent periods suggests efficient asset management and a positive trend in generating sales relative to the investment in assets. This indicates that the company is effectively leveraging its assets to drive revenue growth, which can be a positive indicator of financial health and operational efficiency.