Envista Holdings Corp (NVST)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,494,900 | 2,534,300 | 2,549,200 | 2,561,100 | 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 | 5,350,500 | 5,510,700 | 5,438,100 | 6,556,300 | 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 |
| Total asset turnover | 0.47 | 0.46 | 0.47 | 0.39 | 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, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,494,900K ÷ $5,350,500K
= 0.47
Total asset turnover measures how efficiently a company is utilizing its total assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue relative to its total assets.
Analyzing Envista Holdings Corp's total asset turnover over the past few quarters, we observe a fluctuating trend. From September 30, 2020, to June 30, 2022, the total asset turnover ratio ranged from 0.32 to 0.40. The ratio experienced fluctuations within this range but generally increased over time, indicating a more efficient utilization of assets to generate revenue during this period.
In the most recent quarters from June 30, 2023, to December 31, 2024, the total asset turnover ratio remained relatively stable between 0.38 and 0.47. This stability suggests that the company has maintained its efficiency in asset utilization to generate revenue during this period.
Overall, Envista Holdings Corp's total asset turnover has shown some fluctuations but has generally demonstrated an improvement in asset efficiency over time, with a stable trend in recent quarters.
Peer comparison
Dec 31, 2024