Boston Scientific Corp (BSX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,747,000 | 14,240,000 | 12,682,000 | 11,888,000 | 9,913,000 |
| Total assets | US$ in thousands | 39,395,000 | 35,136,000 | 32,470,000 | 32,230,000 | 30,778,000 |
| Total asset turnover | 0.43 | 0.41 | 0.39 | 0.37 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,747,000K ÷ $39,395,000K
= 0.43
Total asset turnover measures how efficiently a company generates revenue from its assets. In the case of Boston Scientific Corp, we observe a positive trend from 0.32 in December 31, 2020, to 0.43 in December 31, 2024. This indicates that the company is improving its ability to utilize its assets to generate sales over the years. The increase in total asset turnover suggests that Boston Scientific Corp has been more efficient in utilizing its assets to generate revenues, implying better operational efficiency or improved asset management. Investors and stakeholders may view this trend positively as it reflects potential improvements in the company's operational performance and efficiency in generating revenue from its assets.
Peer comparison
Dec 31, 2024