Baxter International Inc (BAX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,513,000 | 14,813,000 | 15,113,000 | 12,784,000 | 11,673,000 |
| Total assets | US$ in thousands | 25,782,000 | 28,276,000 | 28,287,000 | 33,521,000 | 20,019,000 |
| Total asset turnover | 0.18 | 0.52 | 0.53 | 0.38 | 0.58 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,513,000K ÷ $25,782,000K
= 0.18
Baxter International Inc's total asset turnover has shown fluctuations over the years. In 2020, the total asset turnover was 0.58, indicating that the company generated $0.58 in revenue for every dollar of assets. However, in 2021, the total asset turnover decreased to 0.38, suggesting a decrease in efficiency in utilizing assets to generate revenue.
By the end of 2022, there was a slight improvement in the total asset turnover to 0.53, but it dropped again in 2023 to 0.52. This indicates that the company's ability to generate revenue from its assets remained relatively stable but slightly decreased.
The most significant decline was observed in 2024 when the total asset turnover decreased to 0.18, signifying a substantial decrease in revenue generation relative to asset base. Overall, Baxter International Inc's total asset turnover has shown variability and a downward trend in recent years, highlighting potential inefficiencies in asset utilization.
Peer comparison
Dec 31, 2024