Henry Schein Inc (HSIC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,673,000 | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 |
| Total assets | US$ in thousands | 10,218,000 | 10,573,000 | 8,607,000 | 8,481,000 | 7,773,000 |
| Total asset turnover | 1.24 | 1.16 | 1.46 | 1.46 | 1.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,673,000K ÷ $10,218,000K
= 1.24
The total asset turnover ratio for Henry Schein Inc has shown variability over the past five years. In December 2020, the ratio stood at 1.30, which increased to 1.46 by December 2021 and maintained the same level by December 2022. However, there was a noticeable decrease in the ratio to 1.16 by December 2023 before a slight recovery to 1.24 by December 2024.
The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio generally suggests that the company is effectively generating sales from its assets. The fluctuations in the ratio over the years may indicate changes in the company's asset management efficiency and sales performance. Further analysis of the company's operations and market conditions would be needed to understand the reasons behind these movements. In general, a consistent or increasing total asset turnover ratio is favorable as it indicates efficient asset utilization and revenue generation.
Peer comparison
Dec 31, 2024