McKesson Corporation (MCK)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 359,051,000 | 344,583,000 | 330,187,000 | 313,751,000 | 308,951,000 | 301,506,000 | 291,098,000 | 284,040,000 | 276,711,000 | 273,903,000 | 272,027,000 | 268,446,000 | 263,966,000 | 257,006,000 | 250,991,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,194,000 | 231,002,000 |
| Total assets | US$ in thousands | 75,140,000 | 71,081,000 | 72,429,000 | 71,670,000 | 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 |
| Total asset turnover | 4.78 | 4.85 | 4.56 | 4.38 | 4.58 | 4.53 | 4.40 | 4.43 | 4.44 | 4.37 | 4.31 | 4.31 | 4.17 | 4.03 | 3.95 | 3.90 | 3.66 | 3.84 | 3.80 | 4.01 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $359,051,000K ÷ $75,140,000K
= 4.78
The total asset turnover ratio for McKesson Corporation has shown a generally increasing trend over the past few years, indicating an improvement in the efficiency with which the company is utilizing its assets to generate sales.
Starting at 4.01 in June 2020, the ratio decreased slightly to 3.80 in September 2020, before experiencing fluctuations in subsequent quarters. However, from December 31, 2021, to March 31, 2025, the total asset turnover consistently trended upwards, reaching a peak of 4.85 in December 31, 2024.
A total asset turnover ratio above 1 indicates that McKesson Corporation is generating more in sales revenue for each dollar invested in assets, which is generally a positive sign of operational efficiency and effective asset management. This increasing trend in the total asset turnover ratio suggests that the company is becoming more productive in converting its assets into sales, which can be seen as a favorable indicator of financial health and profitability.
Peer comparison
Mar 31, 2025