Envista Holdings Corp (NVST)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,560,900 | 2,546,100 | 2,549,700 | 2,544,100 | 2,565,100 | 2,583,600 | 2,571,400 | 2,569,200 | 2,550,300 | 2,514,600 | 2,547,800 | 2,272,600 | 2,207,200 | 2,270,200 | |||
| Total assets | US$ in thousands | 6,605,100 | 6,683,800 | 6,607,200 | 6,575,000 | 6,587,000 | 6,411,900 | 6,461,000 | 6,572,300 | 6,574,200 | 6,562,000 | 6,481,300 | 6,321,900 | 6,876,000 | 6,605,700 | 6,665,200 | 6,240,900 | 6,158,300 |
| Total asset turnover | 0.39 | 0.38 | 0.39 | 0.39 | 0.39 | 0.40 | 0.40 | 0.39 | 0.39 | 0.38 | 0.39 | 0.36 | 0.32 | 0.34 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,560,900K ÷ $6,605,100K
= 0.39
The total asset turnover ratio for Envista Holdings Corp has remained relatively stable at around 0.39 for the past eight quarters, indicating that the company generates $0.39 in sales revenue for every $1 of total assets it owns. This suggests that Envista is efficient in utilizing its assets to generate revenue. The consistency of the ratio over time may indicate a stable operational performance with effective asset management strategies in place. However, analysts may want to investigate further to understand the factors contributing to this consistency and assess if there are any areas for improvement in asset utilization efficiency.
Peer comparison
Dec 31, 2023