Viatris Inc (VTRS)

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
Revenue (ttm)	US$ in thousands	15,426,900	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	12,518,600
Total assets	US$ in thousands	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	11,413,000	11,411,800	0
Total asset turnover		0.32	0.32	0.32	0.32	0.33	0.34	0.34	0.33	0.33	0.31	0.27	0.23	0.20

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,426,900K ÷ $47,685,500K
= 0.32

Based on the data provided, Viatris Inc's total asset turnover has been consistent at around 0.32 to 0.34 over the past eight quarters. Total asset turnover measures how efficiently a company is generating revenue from its assets. A higher total asset turnover ratio generally indicates better efficiency in utilizing assets to generate sales.

In the case of Viatris Inc, the relatively stable total asset turnover suggests that the company has been able to consistently generate sales compared to the value of its total assets. This could indicate sound operational efficiency and effective management of assets to drive revenue.

However, it is crucial to analyze this ratio in conjunction with other financial metrics and industry benchmarks to gain a deeper understanding of Viatris Inc's overall financial health and performance. An in-depth analysis of the company's operations, asset structure, and market conditions would provide additional insights into the efficiency of its asset utilization.