Boston Scientific Corp (BSX)
Total asset turnover
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 13,974,000 | 10,508,000 | 10,348,000 | 9,999,000 | 9,228,000 | 12,104,000 | 11,689,000 | 11,502,000 | 11,625,000 | 11,168,000 | 10,855,000 | 9,774,000 | 9,553,000 | 9,751,000 | 9,790,000 | 10,420,000 | 10,349,000 | 10,035,000 | 9,758,000 | 9,649,000 |
Total assets | US$ in thousands | 35,136,000 | 34,043,000 | 33,601,000 | 32,892,000 | 32,469,000 | 31,947,000 | 32,189,000 | 32,337,000 | 32,229,000 | 31,877,000 | 31,168,000 | 30,900,000 | 30,777,000 | 30,845,000 | 30,823,000 | 30,113,000 | 30,565,000 | 26,756,000 | 24,309,000 | 23,802,000 |
Total asset turnover | 0.40 | 0.31 | 0.31 | 0.30 | 0.28 | 0.38 | 0.36 | 0.36 | 0.36 | 0.35 | 0.35 | 0.32 | 0.31 | 0.32 | 0.32 | 0.35 | 0.34 | 0.38 | 0.40 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,974,000K ÷ $35,136,000K
= 0.40
Total asset turnover measures a company's ability to generate sales revenue from its total assets. In the case of Boston Scientific Corp., the total asset turnover has been relatively stable over the past eight quarters, ranging from 0.38 to 0.41. This indicates that the company is generating approximately $0.40 in sales for every $1 of total assets it owns.
A total asset turnover ratio of 0.40 implies that Boston Scientific Corp. is efficient in utilizing its assets to generate revenue. A higher ratio would indicate that the company is more effective in using its assets to drive sales. Conversely, a lower ratio could suggest that the company may be underutilizing its assets or facing challenges in generating sales.
Overall, the consistent total asset turnover for Boston Scientific Corp. suggests that the company is maintaining a steady level of asset efficiency in generating revenue. However, further analysis in conjunction with other financial ratios and industry benchmarks would provide a more comprehensive assessment of the company's financial performance and asset management effectiveness.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Total Asset Turnover (Quarterly Data)