Envista Holdings Corp (NVST)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,507,800 | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 |
| Total assets | US$ in thousands | 5,350,500 | 6,605,100 | 6,587,000 | 6,574,200 | 6,876,000 |
| Total asset turnover | 0.47 | 0.39 | 0.39 | 0.38 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,507,800K ÷ $5,350,500K
= 0.47
The total asset turnover of Envista Holdings Corp has shown a positive trend over the years, increasing from 0.28 in December 2020 to 0.47 in December 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. The higher the total asset turnover, the better the company is at utilizing its assets to generate sales. Envista Holdings Corp's increasing total asset turnover suggests that the company has been able to effectively manage and optimize its assets to drive revenue growth. The trend indicates enhanced operational efficiency and effective asset management strategies implemented by the company during the period under review.
Peer comparison
Dec 31, 2024