Medtronic PLC (MDT)

Total asset turnover

		Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022
Revenue (ttm)	US$ in thousands	33,537,000	33,199,000	34,610,000	34,296,000	34,282,000	33,677,000	31,778,000	31,391,000	31,065,000	31,626,000	33,220,000	33,245,000	33,240,000	32,280,000	30,315,000	29,959,000	29,518,000	30,022,000	30,506,000	30,898,000
Total assets	US$ in thousands	91,680,000	89,973,000	90,042,000	89,749,000	89,981,000	89,981,000	90,836,000	90,836,000	90,087,000	90,087,000	90,776,000	90,776,000	90,948,000	90,948,000	94,134,000	94,134,000	93,241,000	93,241,000	89,914,000	89,914,000
Total asset turnover		0.37	0.37	0.38	0.38	0.38	0.37	0.35	0.35	0.34	0.35	0.37	0.37	0.37	0.35	0.32	0.32	0.32	0.32	0.34	0.34

April 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,537,000K ÷ $91,680,000K
= 0.37

Medtronic PLC's total asset turnover ratio has remained relatively stable over the periods analyzed. The ratio fluctuated between 0.32 and 0.38 during the period from July 2022 to April 2025. A total asset turnover ratio of 0.32 to 0.38 indicates that, on average, the company generates between $0.32 and $0.38 in revenue for every dollar of assets it possesses. This indicates that the company is efficiently utilizing its assets to generate revenue. The slight fluctuations in the ratio may reflect changes in the company's revenue generation efficiency or changes in its asset base during the periods analyzed. Overall, the stable total asset turnover ratio suggests that Medtronic PLC has been effectively managing its assets to generate revenue consistently over the period analyzed.