Cardinal Health Inc (CAH)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 222,578,000 | 226,827,000 | 205,012,000 | 181,364,000 | 162,467,000 |
| Total assets | US$ in thousands | 53,122,000 | 45,121,000 | 43,349,000 | 43,878,000 | 44,453,000 |
| Total asset turnover | 4.19 | 5.03 | 4.73 | 4.13 | 3.65 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $222,578,000K ÷ $53,122,000K
= 4.19
The total asset turnover ratio of Cardinal Health Inc. illustrates a progressive trend over the observed period from June 30, 2021, through June 30, 2025. Specifically, the ratio increased from 3.65 in 2021 to 4.13 in 2022, indicating enhanced efficiency in utilizing assets to generate sales. This upward trajectory continued with the ratio reaching 4.73 in 2023, and further improving to 5.03 in 2024, reflecting a sustained improvement in asset utilization efficiency.
However, in the subsequent year, the ratio experienced a decline to 4.19 in 2025. Despite this decrease, the ratio remained significantly higher than the levels recorded in 2021, suggesting that alternative operational factors or strategic adjustments influenced asset efficiency during this period.
Overall, the pattern of the total asset turnover ratio indicates that Cardinal Health experienced consistent efficiency gains in leveraging its assets to generate revenue during the initial years, peaking in 2024, followed by a modest decline in 2025. This trend could be attributable to various internal or external factors such as changes in sales volume, asset base restructuring, or industry dynamics impacting operational efficiency.
Peer comparison
Jun 30, 2025