McKesson Corporation (MCK)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 359,051,000 | 308,951,000 | 276,711,000 | 263,966,000 | 238,228,000 |
| Total assets | US$ in thousands | 75,140,000 | 67,443,000 | 62,320,000 | 63,298,000 | 65,015,000 |
| Total asset turnover | 4.78 | 4.58 | 4.44 | 4.17 | 3.66 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $359,051,000K ÷ $75,140,000K
= 4.78
McKesson Corporation's total asset turnover has been consistently increasing over the past five years, indicating an improving efficiency in utilizing its assets to generate revenue. From March 31, 2021, to March 31, 2025, the total asset turnover has risen from 3.66 to 4.78. This uptrend suggests that the company has become more adept at generating sales relative to its total assets. A higher total asset turnover ratio signifies that McKesson is effectively leveraging its asset base to drive revenue growth, which can be a positive signal to investors and stakeholders.
Peer comparison
Mar 31, 2025
Company name
Symbol
Total asset turnover
McKesson Corporation
MCK
4.78
Cardinal Health Inc
CAH
5.03
Cencora Inc.
COR
4.38