Veralto Corporation (VLTO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,106,000 | 5,008,000 | 4,944,000 |
| Total assets | US$ in thousands | 6,406,000 | 6,263,000 | 5,903,000 |
| Total asset turnover | 0.80 | 0.80 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,106,000K ÷ $6,406,000K
= 0.80
Veralto Corporation's total asset turnover ratio has been relatively consistent over the past three quarters, ranging from 0.80 to 0.84. This ratio indicates that for every dollar of assets the company holds, it generates between 80 to 84 cents in sales revenue. A lower total asset turnover ratio may imply inefficiencies in asset utilization or sales generation, while a higher ratio typically suggests more effective use of assets to drive revenue. Veralto Corporation may want to assess its asset management strategies to improve operational efficiency and potentially increase sales relative to its asset base.
Peer comparison
Dec 31, 2024