Viatris Inc (VTRS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,739,300 | 15,426,900 | 16,262,700 | 17,886,300 | 11,946,000 |
| Total assets | US$ in thousands | 41,500,900 | 47,685,500 | 50,022,200 | 54,842,800 | 61,553,000 |
| Total asset turnover | 0.36 | 0.32 | 0.33 | 0.33 | 0.19 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,739,300K ÷ $41,500,900K
= 0.36
Total asset turnover measures a company's efficiency in generating revenue from its total assets.
Based on the data provided for Viatris Inc, the total asset turnover has shown an upward trend from 0.19 in December 31, 2020, to 0.36 in December 31, 2024. This indicates that the company has been able to generate more revenue relative to its total assets over the years.
The increase in total asset turnover suggests that Viatris Inc has been utilizing its assets more effectively to generate sales. This can be a positive sign of operational efficiency and effective asset management.
However, it is important to note that the total asset turnover ratio should be analyzed in conjunction with other financial metrics to get a comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2024