Boston Scientific Corp (BSX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,975,000 | 12,190,000 | 11,625,000 | 9,552,000 | 10,348,000 |
| Total assets | US$ in thousands | 35,136,000 | 32,469,000 | 32,229,000 | 30,777,000 | 30,565,000 |
| Total asset turnover | 0.40 | 0.38 | 0.36 | 0.31 | 0.34 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,975,000K ÷ $35,136,000K
= 0.40
The total asset turnover ratio of Boston Scientific Corp. has shown an increasing trend over the past five years, from 0.35 in 2019 to 0.41 in 2023. This indicates that the company has been more efficient in generating sales revenue relative to its total assets during this period. The improvement in the total asset turnover ratio suggests that Boston Scientific Corp. has been effectively utilizing its assets to generate sales, which is a positive indicator of operational efficiency and asset productivity. This trend may be attributed to strategic management decisions, operational improvements, or effective utilization of resources by the company. Overall, the increasing total asset turnover ratio reflects a positive trend in Boston Scientific Corp.'s asset utilization and operational performance.
Peer comparison
Dec 31, 2023