Thermo Fisher Scientific Inc (TMO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 42,879,000 | 42,857,000 | 44,915,000 | 39,211,000 | 32,218,000 |
| Total assets | US$ in thousands | 97,321,000 | 98,726,000 | 97,154,000 | 95,123,000 | 69,052,000 |
| Total asset turnover | 0.44 | 0.43 | 0.46 | 0.41 | 0.47 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $42,879,000K ÷ $97,321,000K
= 0.44
Thermo Fisher Scientific Inc's total asset turnover ratio has shown a fluctuating trend over the past five years, decreasing from 0.47 in December 2020 to 0.41 in December 2021, then increasing to 0.46 in December 2022, but declining again to 0.43 in December 2023, and finally reaching 0.44 by December 2024.
The declining ratio from 2020 to 2021 may indicate that the company's ability to generate sales from its total assets decreased during that period. However, the subsequent increase in 2022 suggests that the company may have improved its efficiency in utilizing its assets to generate revenue. The slight decline in 2023 followed by a small increase in 2024 reflects some inconsistency in the company's asset management efficiency.
Overall, the variations in Thermo Fisher Scientific Inc's total asset turnover ratio indicate changes in how effectively the company utilizes its total assets to generate sales revenue over the years. Further analysis of the underlying factors driving these changes would be required to assess the company's overall operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024