Waters Corporation (WAT)

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	2,909,141	2,825,198	2,766,143	2,798,644	2,857,555	2,913,395	2,928,280	2,913,876	2,923,159	2,904,113	2,856,130	2,822,850	2,740,936	2,690,971	2,625,688	2,463,034	2,316,295	2,242,766	2,225,719	2,306,467
Total assets	US$ in thousands	4,553,800	4,511,620	4,449,050	4,508,960	4,626,850	4,497,180	4,548,200	3,306,820	3,281,450	3,070,050	3,040,570	3,041,270	3,094,930	3,115,920	3,103,650	3,211,560	2,839,920	2,679,290	2,648,300	2,666,520
Total asset turnover		0.64	0.63	0.62	0.62	0.62	0.65	0.64	0.88	0.89	0.95	0.94	0.93	0.89	0.86	0.85	0.77	0.82	0.84	0.84	0.86

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,909,141K ÷ $4,553,800K
= 0.64

The total asset turnover of Waters Corporation has shown some fluctuations over the reporting periods provided. The ratio ranged from a high of 0.95 in September 30, 2022, to a low of 0.62 in June 30, 2024. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets, reflecting efficient asset utilization. Conversely, a lower ratio may suggest underutilization or inefficiency in the management of assets to generate sales. It is important for Waters Corporation to closely monitor this ratio to ensure optimal utilization of its assets in driving revenue generation.