Cardinal Health Inc (CAH)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 222,578,000 | 222,286,000 | 222,319,000 | 224,500,000 | 226,986,000 | 220,572,000 | 216,148,000 | 210,172,000 | 205,012,000 | 198,662,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 |
| Property, plant and equipment | US$ in thousands | — | 2,664,000 | 2,558,000 | 2,535,000 | — | — | — | 2,441,000 | 2,462,000 | 2,362,000 | 2,341,000 | 2,339,000 | 2,361,000 | 2,298,000 | 2,321,000 | 2,336,000 | 2,360,000 | 2,315,000 | 2,386,000 | 2,369,000 |
| Fixed asset turnover | — | 83.44 | 86.91 | 88.56 | — | — | — | 86.10 | 83.27 | 84.11 | 82.45 | 79.95 | 76.82 | 76.96 | 73.80 | 71.65 | 68.84 | 67.63 | 65.57 | 65.28 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $222,578,000K ÷ $—K
= —
The fixed asset turnover ratio for Cardinal Health Inc demonstrates a consistent upward trend over the analyzed period, reflecting increasing efficiency in utilizing fixed assets to generate revenue. Starting at 65.28 times as of September 30, 2020, the ratio increased steadily through the subsequent quarters, reaching 86.10 times by September 30, 2023. This progression indicates a strengthening in operational efficiency, possibly attributable to improved asset management, asset utilization, or organic growth in sales relative to fixed assets.
An analysis of the quarterly figures suggests that the company has been able to leverage its fixed assets more effectively, with notable increases between December 2021 and March 2023. The ratio peak of 86.10 occurred in September 2023, the highest within the observed period. Slight declines observed in the latter half of 2023—with ratios decreasing to 86.91 in December 2024 and further to 83.44 in March 2025—may indicate short-term fluctuations or slight scaling down of asset base relative to revenues, yet the ratios remain comparatively high, maintaining an overall positive trend.
The data for the remaining quarters of 2024 and 2025 is either not available or not reported, which limits ongoing assessment. Nevertheless, the historical trend suggests that Cardinal Health Inc has been successful in improving asset efficiency over the recent years, likely contributing to enhanced operational performance and potentially higher profitability margins.
Peer comparison
Jun 30, 2025