Intuitive Surgical Inc (ISRG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 | 4,583,900 |
| Total assets | US$ in thousands | 15,441,500 | 12,974,000 | 13,555,000 | 11,168,900 | 9,733,200 |
| Total asset turnover | 0.49 | 0.50 | 0.44 | 0.41 | 0.47 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,616,100K ÷ $15,441,500K
= 0.49
Intuitive Surgical Inc's total asset turnover has exhibited some fluctuations over the past five years. The ratio ranged from 0.39 to 0.48 during this period. The company's ability to generate sales from its total assets peaked in 2022 at 0.48 and reached its lowest point in 2020 at 0.39. In 2023, the total asset turnover stood at 0.46. This indicates that, on average, for every dollar of total assets owned by the company, it generated $0.46 in sales revenue in 2023. The trend suggests that the company has been relatively efficient in utilizing its assets to generate sales, with some variability from year to year.
Peer comparison
Dec 31, 2023