Johnson & Johnson (JNJ)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 84,021,000 | 79,428,000 | 93,356,000 | 82,174,000 | 81,474,000 |
| Total assets | US$ in thousands | 167,558,000 | 187,378,000 | 182,018,000 | 174,894,000 | 157,728,000 |
| Total asset turnover | 0.50 | 0.42 | 0.51 | 0.47 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $84,021,000K ÷ $167,558,000K
= 0.50
Johnson & Johnson's total asset turnover has remained relatively stable over the past five years, ranging from 0.47 to 0.52. This ratio indicates that, on average, the company generates $0.51 in revenue for every dollar of assets it owns. A total asset turnover of 0.51 implies that the company effectively utilizes its assets to generate sales. However, it is essential to consider industry norms and compare this ratio with competitors to gain a better understanding of Johnson & Johnson's asset efficiency. Further analysis would be required to assess the company's operational efficiency and asset management strategies in detail.
Peer comparison
Dec 31, 2023