Johnson & Johnson (JNJ)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	88,607,000	84,021,000	79,428,000	93,356,000	82,174,000
Total assets	US$ in thousands	180,104,000	167,558,000	187,378,000	182,018,000	174,894,000
Total asset turnover		0.49	0.50	0.42	0.51	0.47

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $88,607,000K ÷ $180,104,000K
= 0.49

Johnson & Johnson's total asset turnover ratio has shown fluctuations over the past five years. The ratio was 0.47 in 2020, increased to 0.51 in 2021, decreased to 0.42 in 2022, then improved to 0.50 in 2023, and remained relatively stable at 0.49 in 2024. This indicates that, on average, for each dollar of total assets, the company generated sales of $0.47 in 2020, $0.51 in 2021, $0.42 in 2022, $0.50 in 2023, and $0.49 in 2024. Overall, the company's ability to generate revenue from its assets has slightly improved from 2020 to 2024, with some fluctuations in between.