Intuitive Surgical Inc (ISRG)

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	8,961,500	8,492,700	8,113,000	7,821,700	7,616,100	7,306,600	7,073,300	6,797,300	6,548,300	6,326,000	6,171,000	6,121,000	5,900,400	5,678,800	5,338,700	4,705,300	4,491,300	4,439,900	4,466,200	4,687,300
Total assets	US$ in thousands	18,743,200	17,743,400	16,649,900	15,828,000	15,441,500	14,712,700	13,903,300	13,053,200	12,974,000	13,260,800	13,705,200	13,678,400	13,555,000	12,934,600	12,297,000	11,540,400	11,168,900	10,617,500	10,103,600	9,891,100
Total asset turnover		0.48	0.48	0.49	0.49	0.49	0.50	0.51	0.52	0.50	0.48	0.45	0.45	0.44	0.44	0.43	0.41	0.40	0.42	0.44	0.47

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,961,500K ÷ $18,743,200K
= 0.48

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. In the case of Intuitive Surgical Inc, the total asset turnover has shown a decreasing trend from 0.47 in March 2020 to 0.48 in December 2024. This indicates that the company has become less efficient in utilizing its assets to generate sales over this period.

Despite some fluctuations, the total asset turnover has mostly hovered around the range of 0.40 to 0.50, suggesting a relatively stable performance in asset utilization. The slight increase seen in the most recent period, from 0.48 in September 2024 to 0.49 in December 2024, may indicate some improvement in the company's efficiency in generating sales from its assets.

Overall, the analysis of Intuitive Surgical Inc's total asset turnover highlights the importance of monitoring this ratio to assess the company's efficiency in managing its assets to drive revenue growth.