Intuitive Surgical Inc (ISRG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,961,500 | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 |
| Total assets | US$ in thousands | 18,743,200 | 15,441,500 | 12,974,000 | 13,555,000 | 11,168,900 |
| Total asset turnover | 0.48 | 0.49 | 0.50 | 0.44 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,961,500K ÷ $18,743,200K
= 0.48
The total asset turnover of Intuitive Surgical Inc has shown a slight improvement over the past years, increasing from 0.41 in December 31, 2020, to 0.48 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets invested in the business. The higher total asset turnover ratio suggests that Intuitive Surgical Inc has been more efficient in utilizing its assets to generate sales. However, the ratio seems to have slightly dipped in 2023 before recovering in 2024, indicating potential fluctuations in the company's asset utilization efficiency. Overall, the increasing trend in total asset turnover is a positive sign for the company's operational efficiency and effectiveness in generating sales from its asset base.
Peer comparison
Dec 31, 2024