Henry Schein Inc (HSIC)
Total asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,611,000 | 12,408,000 | 12,371,000 | 12,348,000 | 12,252,000 | 12,618,000 | 12,537,000 | 12,477,000 | 12,603,000 | 12,573,770 | 12,696,850 | 12,636,700 | 12,383,180 | 12,225,710 | 11,875,670 | 10,588,730 | 10,091,310 | 9,779,720 | 9,447,070 | 10,208,200 |
| Total assets | US$ in thousands | 10,218,000 | 10,605,000 | 10,251,000 | 10,145,000 | 10,573,000 | 9,810,000 | 9,146,000 | 8,572,000 | 8,607,000 | 8,534,000 | 8,324,000 | 8,447,000 | 8,481,000 | 8,420,750 | 8,124,070 | 7,779,920 | 7,773,000 | 7,809,900 | 7,318,120 | 7,519,200 |
| Total asset turnover | 1.23 | 1.17 | 1.21 | 1.22 | 1.16 | 1.29 | 1.37 | 1.46 | 1.46 | 1.47 | 1.53 | 1.50 | 1.46 | 1.45 | 1.46 | 1.36 | 1.30 | 1.25 | 1.29 | 1.36 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,611,000K ÷ $10,218,000K
= 1.23
Henry Schein Inc's total asset turnover has shown some fluctuations over the past few years. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
From March 2020 to June 2022, the total asset turnover ratio increased gradually from 1.36 to 1.53, indicating an improvement in the company's ability to generate sales relative to its total assets. This trend suggests that Henry Schein Inc was able to more effectively use its assets to drive revenue during this period.
However, from September 2022 to December 2024, the total asset turnover ratio experienced a decline, dropping to as low as 1.16 by December 2023. This downward trend may indicate challenges in efficiently converting assets into revenue during this period.
Overall, while there have been fluctuations in Henry Schein Inc's total asset turnover ratio, the company has generally maintained a reasonable level of efficiency in utilizing its assets to generate sales over the observed period. It would be important for the company to closely monitor and address any factors contributing to the fluctuations in the total asset turnover ratio to ensure continued operational efficiency.
Peer comparison
Dec 31, 2024