Varex Imaging Corp (VREX)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Total assets | US$ in thousands | 1,242,300 | 1,249,600 | 1,211,700 | 1,190,800 | 1,180,900 | 1,184,400 | 1,163,400 | 1,142,600 | 1,139,000 | 1,147,500 | 1,160,900 | 1,132,600 | 1,137,100 | 1,139,500 | 1,121,700 | 1,082,000 | 1,068,400 | 1,038,900 | 1,043,700 | 965,600 |
| Total asset turnover | 0.71 | 0.72 | 0.75 | 0.75 | 0.74 | 0.73 | 0.74 | 0.75 | 0.74 | 0.72 | 0.64 | 0.63 | 0.62 | 0.65 | 0.69 | 0.74 | 0.74 | 0.75 | 0.74 | 0.79 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $879,200K ÷ $1,242,300K
= 0.71
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more sales for each dollar of assets it owns. Varex Imaging Corp's total asset turnover has been relatively stable over the past few years, ranging from 0.62 to 0.79.
The average total asset turnover for Varex Imaging Corp over this period is around 0.72, indicating that, on average, the company generates $0.72 in revenue for every dollar of assets it holds. The relatively stable nature of the total asset turnover suggests consistent asset utilization efficiency.
It is important to note that while a stable total asset turnover indicates consistent asset utilization efficiency, further analysis is needed to understand the factors influencing the company's revenue generation and asset management strategies.
Peer comparison
Dec 31, 2023