Intuitive Surgical Inc (ISRG)

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	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	4,531,000	4,299,800	4,065,100	3,850,400
Total assets	US$ in thousands	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	9,733,200	9,131,300	8,531,600	8,234,900
Total asset turnover		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	0.47	0.47	0.48	0.47

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,616,100K ÷ $15,441,500K
= 0.49

Intuitive Surgical Inc's total asset turnover has shown a relatively stable trend over the past eight quarters, ranging from 0.43 to 0.49. The total asset turnover ratio measures how efficiently the company is generating revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales.

In the case of Intuitive Surgical Inc, the total asset turnover has been consistently above 0.40, which is generally considered a positive sign. This suggests that the company is effectively managing its assets to generate revenue. The slight increase in the total asset turnover from Q1 2022 (0.43) to Q4 2023 (0.46) may indicate improved efficiency in asset utilization over time.

However, it's important to note that total asset turnover should be compared with industry benchmarks and trends over time to gain a more comprehensive understanding of the company's efficiency in asset utilization. An in-depth analysis considering other financial ratios and factors would provide a more complete assessment of Intuitive Surgical Inc's overall performance and operational efficiency.