Johnson & Johnson (JNJ)
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 | 88,452,000 | 87,541,000 | 86,229,000 | 88,966,000 | 88,632,000 | 87,176,000 | 85,962,000 | 84,760,000 | 87,282,000 | 91,851,000 | 95,224,000 | 94,514,000 | 93,356,000 | 91,027,000 | 88,747,000 | 83,766,000 | 82,174,000 | 80,742,000 | 80,385,000 | 82,573,000 |
| Total assets | US$ in thousands | 180,104,000 | 178,287,000 | 181,088,000 | 171,966,000 | 167,558,000 | 166,061,000 | 191,686,000 | 195,969,000 | 187,378,000 | 175,124,000 | 177,724,000 | 178,355,000 | 182,018,000 | 179,228,000 | 176,440,000 | 172,557,000 | 174,894,000 | 170,693,000 | 158,380,000 | 155,017,000 |
| Total asset turnover | 0.49 | 0.49 | 0.48 | 0.52 | 0.53 | 0.52 | 0.45 | 0.43 | 0.47 | 0.52 | 0.54 | 0.53 | 0.51 | 0.51 | 0.50 | 0.49 | 0.47 | 0.47 | 0.51 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $88,452,000K ÷ $180,104,000K
= 0.49
The total asset turnover ratio for Johnson & Johnson has shown fluctuations over the period from March 31, 2020 to December 31, 2024. The ratio ranged from a low of 0.43 to a high of 0.54, indicating varying levels of efficiency in generating sales from the company's total assets.
The trend in the total asset turnover ratio demonstrates that Johnson & Johnson has maintained a relatively stable efficiency in utilizing its assets to generate revenue. The ratio peaked at 0.54 on June 30, 2022, suggesting an efficient use of assets to generate sales during that period. However, there were periods where the ratio decreased, such as on March 31, 2023, which may indicate a decrease in asset efficiency or changes in business operations.
Overall, the gradual fluctuations in the total asset turnover ratio reflect the company's ability to generate sales relative to its asset base, providing insights into its operational efficiency and asset management practices over the analyzed period.
Peer comparison
Dec 31, 2024