Thermo Fisher Scientific Inc (TMO)

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	42,879,000	42,370,000	42,346,000	42,492,000	42,857,000	43,421,000	43,524,000	43,807,000	44,915,000	44,167,000	42,820,000	41,123,000	39,211,000	39,059,000	38,250,000	35,894,000	32,218,000	28,497,000	26,248,000	25,647,000
Total assets	US$ in thousands	97,321,000	100,364,000	98,496,000	97,095,000	98,726,000	97,057,000	94,105,000	94,658,000	97,154,000	90,536,000	90,579,000	92,747,000	95,123,000	73,600,000	67,698,000	65,931,000	69,052,000	64,061,000	61,593,000	58,688,000
Total asset turnover		0.44	0.42	0.43	0.44	0.43	0.45	0.46	0.46	0.46	0.49	0.47	0.44	0.41	0.53	0.57	0.54	0.47	0.44	0.43	0.44

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $42,879,000K ÷ $97,321,000K
= 0.44

Thermo Fisher Scientific Inc's total asset turnover has exhibited some fluctuation over the past few years, ranging from 0.41 to 0.57. The most recent data shows that the total asset turnover ratio was 0.44 as of December 31, 2024. This indicates that for every dollar of total assets, the company generated $0.44 in revenue.

Overall, the trend in total asset turnover appears to be relatively stable, with some slight variations. A consistent or improving total asset turnover ratio over time may suggest that the company is efficiently utilizing its assets to generate sales. Monitoring this ratio can provide insight into the company's operational efficiency and effectiveness in utilizing its assets to generate revenue.