Henry Schein Inc (HSIC)
Total asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,266,000 | 12,632,000 | 12,551,000 | 12,491,000 | 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 | 10,131,110 | 10,650,600 | 11,433,890 | 12,325,530 |
| Total assets | US$ in thousands | 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 | 7,151,100 | 7,097,080 | 7,112,340 | 7,144,860 |
| Total asset turnover | 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 | 1.42 | 1.50 | 1.61 | 1.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,266,000K ÷ $10,573,000K
= 1.16
The total asset turnover of Henry Schein Inc has shown some fluctuations over the past several quarters. The ratio peaked at 1.73 in the first quarter of 2019 and has since exhibited some variability, reaching a low of 1.16 in the fourth quarter of 2023. Generally, a higher total asset turnover indicates that the company is generating more revenue from its assets.
The declining trend in the total asset turnover since the first quarter of 2019 suggests that the company may be less efficient in generating sales relative to its total assets. This could be due to various factors such as changes in the company's business model, increased asset base without corresponding revenue growth, or operational inefficiencies.
It would be essential for Henry Schein Inc to closely monitor and analyze the underlying reasons for the fluctuations in total asset turnover to identify opportunities for improvement in asset utilization and operational efficiency.
Peer comparison
Dec 31, 2023