Cardinal Health Inc (CAH)
Total asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 226,668,000 | 220,413,000 | 216,043,000 | 210,070,000 | 205,023,000 | 198,673,000 | 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 | 152,922,000 | 153,586,000 | 149,657,000 | 147,662,000 |
| Total assets | US$ in thousands | 45,121,000 | 45,880,000 | 46,573,000 | 43,710,000 | 43,349,000 | 43,377,000 | 44,482,000 | 43,387,000 | 43,878,000 | 42,111,000 | 43,680,000 | 42,993,000 | 44,453,000 | 43,874,000 | 44,719,000 | 41,727,000 | 40,766,000 | 41,148,000 | 41,042,000 | 39,179,000 |
| Total asset turnover | 5.02 | 4.80 | 4.64 | 4.81 | 4.73 | 4.58 | 4.34 | 4.31 | 4.13 | 4.20 | 3.92 | 3.89 | 3.65 | 3.57 | 3.50 | 3.71 | 3.75 | 3.73 | 3.65 | 3.77 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $226,668,000K ÷ $45,121,000K
= 5.02
Total asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its total assets. Cardinal Health Inc's total asset turnover has shown a generally increasing trend over the past few quarters, indicating improved efficiency in generating revenue from its assets.
The ratio increased from 3.77 at the end of September 2019 to 5.02 at the end of June 2024, reflecting an upward trajectory. This indicates that Cardinal Health Inc was able to generate $5.02 in sales for every $1 of total assets by the end of June 2024.
Overall, the increasing trend in total asset turnover suggests that Cardinal Health Inc has been utilizing its assets more efficiently to generate revenue, which can be a positive sign for investors and stakeholders. However, it is essential to consider other factors and perform a comprehensive analysis to understand the company's overall financial health and performance.
Peer comparison
Jun 30, 2024