Sotera Health Co (SHC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,049,290 | 1,003,690 | 931,478 |
| Total assets | US$ in thousands | 3,130,420 | 3,117,700 | 2,789,500 |
| Total asset turnover | 0.34 | 0.32 | 0.33 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,049,290K ÷ $3,130,420K
= 0.34
The total asset turnover of Sotera Health Co has shown a fluctuating trend over the past five years. It increased from 0.30 in 2019 to 0.33 in 2021, indicating an improvement in the company's efficiency in generating sales from its total assets. However, there was a slight decline in 2022 to 0.32 before reaching 0.34 in 2023.
A total asset turnover ratio of 0.34 in 2023 implies that for every dollar of total assets, Sotera Health Co generated $0.34 of sales revenue. This ratio suggests that the company is leveraging its assets effectively to generate revenue, although there may still be room for further improvement. Overall, the trend in total asset turnover indicates mixed performance in utilizing the company's assets efficiently to drive sales growth.
Peer comparison
Dec 31, 2023