ResMed Inc (RMD)
Total asset turnover
| Mar 31, 2025 | 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,021,540 | 4,926,780 | 4,807,490 | 4,546,017 | 4,444,877 | 4,364,797 | 4,235,737 | 4,222,994 | 4,015,671 | 3,763,271 | 3,624,405 | 3,578,126 | 3,539,492 | 3,443,759 | 3,348,896 | 3,196,825 | 3,091,065 | 3,091,753 | 3,027,899 | 2,957,011 |
| Total assets | US$ in thousands | 7,566,820 | 7,141,330 | 7,222,420 | 6,872,390 | 6,814,560 | 6,905,090 | 6,740,790 | 6,751,710 | 6,713,880 | 6,676,100 | 5,177,560 | 5,095,850 | 4,905,260 | 4,734,740 | 4,729,170 | 4,728,120 | 4,585,720 | 4,572,860 | 4,620,840 | 4,587,380 |
| Total asset turnover | 0.66 | 0.69 | 0.67 | 0.66 | 0.65 | 0.63 | 0.63 | 0.63 | 0.60 | 0.56 | 0.70 | 0.70 | 0.72 | 0.73 | 0.71 | 0.68 | 0.67 | 0.68 | 0.66 | 0.64 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,021,540K ÷ $7,566,820K
= 0.66
The total asset turnover ratio for ResMed Inc. demonstrates a general upward trend over the analyzed period, reflecting an increasing efficiency in the utilization of assets to generate sales revenue. Beginning at 0.64 on June 30, 2020, the ratio rose steadily through subsequent quarters, reaching a peak of approximately 0.73 at the end of 2021. This indicates that ResMed effectively leveraged its asset base during this period to maximize sales.
From early 2022 onward, the ratio exhibited some fluctuations. The ratio declined to 0.56 by the end of December 2022, suggesting a temporary decrease in asset efficiency. However, this downward movement was followed by a recovery, with the ratio rising back to around 0.66 by March 2024. This recovery points to a renewed efficiency in asset utilization.
Overall, the data indicates that ResMed Inc. has maintained a relatively stable yet gradually improving asset turnover ratio over the observed period. The fluctuations suggest periods of operational adjustments or changes in sales dynamics, but the subsequent recovery reflects resilience and potential improvements in operational efficiency. The ratio's movement suggests that the company's management has been effective in optimizing its asset base to support sales growth, with recent data indicating stable and efficient asset utilization.
Peer comparison
Mar 31, 2025