Medtronic PLC (MDT)
Total asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,537,000 | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 |
| Total assets | US$ in thousands | 91,680,000 | 89,981,000 | 89,981,000 | 90,948,000 | 90,948,000 |
| Total asset turnover | 0.37 | 0.36 | 0.37 | 0.34 | 0.35 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,537,000K ÷ $91,680,000K
= 0.37
Total asset turnover is a measure of a company's efficiency in generating revenue from its investments in assets. It indicates how well a company utilizes its assets to generate sales. In the case of Medtronic PLC, the total asset turnover ratio has shown a relatively stable trend over the past few years, ranging between 0.34 and 0.37. This suggests that Medtronic is generating approximately 0.35 to 0.37 units of sales for every unit of assets it holds. Overall, the company's total asset turnover indicates that it is effectively utilizing its assets to generate revenue, though there may be room for improvement to achieve higher levels of efficiency in asset utilization.
Peer comparison
Apr 30, 2025