Cardinal Health Inc (CAH)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 226,827,000 | 204,979,000 | 181,364,000 | 162,467,000 | 152,922,000 |
| Total assets | US$ in thousands | 45,121,000 | 43,349,000 | 43,878,000 | 44,453,000 | 40,766,000 |
| Total asset turnover | 5.03 | 4.73 | 4.13 | 3.65 | 3.75 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $226,827,000K ÷ $45,121,000K
= 5.03
The total asset turnover ratio for Cardinal Health Inc has shown an increasing trend over the past five years, indicating the company's ability to generate revenue relative to its total assets. The ratio has improved from 3.75 in June 2020 to 5.03 in June 2024. This signifies that for every dollar of total assets, Cardinal Health generated $5.03 of revenue in the most recent fiscal year. The upward trend in total asset turnover indicates that the company has been utilizing its assets more efficiently to drive sales, which could lead to improved profitability and financial performance.
Peer comparison
Jun 30, 2024
Company name
Symbol
Total asset turnover
Cardinal Health Inc
CAH
5.03
Cencora Inc.
COR
4.19
McKesson Corporation
MCK
4.58
Nu Skin Enterprises Inc
NUS
1.07