Sotera Health Co (SHC)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,100,441 | 1,120,477 | 1,098,186 | 1,076,874 | 1,049,288 | 990,639 | 976,166 | 987,523 | 1,003,687 | 993,346 | 970,806 | 956,084 | 931,478 | 907,074 | 880,938 | 842,106 | 818,158 | 794,798 | 790,092 | 771,767 |
| Total assets | US$ in thousands | 3,071,650 | 3,148,740 | 3,057,820 | 3,059,690 | 3,130,420 | 3,036,570 | 3,074,870 | 3,414,170 | 3,117,700 | 2,810,630 | 2,839,680 | 2,835,770 | 2,789,500 | 2,742,740 | 2,851,130 | 2,777,000 | 2,761,280 | 2,700,000 | 2,558,980 | — |
| Total asset turnover | 0.36 | 0.36 | 0.36 | 0.35 | 0.34 | 0.33 | 0.32 | 0.29 | 0.32 | 0.35 | 0.34 | 0.34 | 0.33 | 0.33 | 0.31 | 0.30 | 0.30 | 0.29 | 0.31 | — |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,100,441K ÷ $3,071,650K
= 0.36
Total asset turnover measures how efficiently a company is generating revenue from its total assets. Looking at the data provided for Sotera Health Co, we can see that the total asset turnover ratio has been relatively stable over the past few years.
From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged between 0.29 and 0.36. This indicates that for every dollar of total assets, Sotera Health Co is generating between $0.29 and $0.36 of revenue.
The trend over the periods shows a slight increase from 0.31 in June 30, 2020, to 0.36 in December 31, 2024, with a peak of 0.36 reached in several quarters. This improvement suggests that Sotera Health Co has been able to make more effective use of its assets to generate sales revenue over time.
However, it is worth noting that the total asset turnover ratio dipped to 0.29 in March 31, 2023, and September 30, 2023, which may indicate a temporary decline in efficiency in utilizing assets to generate revenue during those periods.
Overall, the steady performance of the total asset turnover ratio indicates that Sotera Health Co has been maintaining a consistent level of efficiency in utilizing its assets to generate revenue, with some fluctuations observed in certain quarters.
Peer comparison
Dec 31, 2024