Viatris Inc (VTRS)

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 14,726,100 15,022,500 15,226,400 15,348,400 15,414,100 15,465,600 15,601,900 15,800,100 16,262,700 16,728,300 17,186,700 17,647,700 17,886,300 17,168,200 15,603,700 13,757,100 11,946,000 11,514,300 11,503,900 11,624,200
Total assets US$ in thousands 41,500,900 44,754,100 45,330,000 47,343,700 47,685,500 48,742,600 48,695,200 49,290,200 50,022,200 48,662,600 51,125,100 53,466,900 54,842,800 56,070,400 57,984,100 58,979,200 61,553,000 31,243,100 30,155,400 30,145,900
Total asset turnover 0.35 0.34 0.34 0.32 0.32 0.32 0.32 0.32 0.33 0.34 0.34 0.33 0.33 0.31 0.27 0.23 0.19 0.37 0.38 0.39

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,726,100K ÷ $41,500,900K
= 0.35

The total asset turnover of Viatris Inc has shown a declining trend over the past few years. The ratio decreased from 0.39 as of March 31, 2020, down to 0.32 as of December 31, 2024. This indicates that the company is generating less revenue relative to its total assets during this period. Despite a slight increase to 0.35 as of December 31, 2024, the ratio still remains at a lower level compared to the initial period. It is important for Viatris Inc to assess its asset utilization efficiency and explore ways to improve its revenue generation in relation to its total assets in order to enhance overall financial performance.