Abbott Laboratories (ABT)
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 | 41,950,000 | 41,217,000 | 40,725,000 | 40,326,000 | 40,109,000 | 39,959,000 | 40,226,000 | 41,505,000 | 43,653,000 | 45,030,000 | 45,548,000 | 44,514,000 | 43,075,000 | 42,308,000 | 40,233,000 | 37,338,000 | 34,608,000 | 32,221,000 | 31,444,000 | 32,095,000 |
| Total assets | US$ in thousands | 81,414,000 | 74,356,000 | 73,017,000 | 72,467,000 | 73,214,000 | 72,090,000 | 73,354,000 | 73,794,000 | 74,438,000 | 72,801,000 | 74,202,000 | 74,007,000 | 75,196,000 | 73,795,000 | 73,269,000 | 72,785,000 | 72,548,000 | 69,043,000 | 68,793,000 | 66,712,000 |
| Total asset turnover | 0.52 | 0.55 | 0.56 | 0.56 | 0.55 | 0.55 | 0.55 | 0.56 | 0.59 | 0.62 | 0.61 | 0.60 | 0.57 | 0.57 | 0.55 | 0.51 | 0.48 | 0.47 | 0.46 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $41,950,000K ÷ $81,414,000K
= 0.52
The total asset turnover of Abbott Laboratories has shown a general upward trend from 0.48 in March 2020 to 0.52 in December 2024. This indicates that the company has become more efficient in generating sales revenue from its total assets over the period. The highest total asset turnover was recorded in September 2022 at 0.62, suggesting a peak efficiency in asset utilization. However, there was a slight dip in total asset turnover in the most recent quarter ending December 2024, possibly indicating a temporary decrease in asset utilization efficiency. Overall, Abbott Laboratories has demonstrated a gradual improvement in utilizing its total assets to generate sales revenue.
Peer comparison
Dec 31, 2024