McKesson Corporation (MCK)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 308,743,000 | 301,155,000 | 290,742,000 | 283,832,000 | 276,496,000 | 273,874,000 | 272,026,000 | 268,122,000 | 263,687,000 | 256,729,000 | 250,755,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,203,000 | 231,016,000 | 231,082,000 | 224,976,000 | 222,003,000 | 217,457,000 |
| Total assets | US$ in thousands | 67,443,000 | 66,512,000 | 66,091,000 | 64,096,000 | 62,320,000 | 62,690,000 | 63,081,000 | 62,295,000 | 63,298,000 | 63,708,000 | 63,601,000 | 62,894,000 | 65,015,000 | 61,845,000 | 61,558,000 | 57,666,000 | 61,247,000 | 60,873,000 | 58,994,000 | 61,680,000 |
| Total asset turnover | 4.58 | 4.53 | 4.40 | 4.43 | 4.44 | 4.37 | 4.31 | 4.30 | 4.17 | 4.03 | 3.94 | 3.90 | 3.66 | 3.84 | 3.80 | 4.01 | 3.77 | 3.70 | 3.76 | 3.53 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $308,743,000K ÷ $67,443,000K
= 4.58
The total asset turnover ratio for McKesson Corporation has shown a generally positive trend over the past several quarters, reflecting the company's ability to generate revenue relative to its total assets. The ratio has consistently been above 4, indicating that McKesson efficiently utilizes its assets to generate sales.
Specifically, the ratio has improved from 3.53 in Jun 2019 to 4.58 in Mar 2024, suggesting an increasing efficiency in utilizing assets to drive sales growth. This improvement indicates that McKesson has been successful in optimizing its asset utilization and operational efficiency over time.
Overall, the upward trend in total asset turnover ratio for McKesson Corporation reflects a positive performance in efficiently generating sales relative to the company's total assets.
Peer comparison
Mar 31, 2024