Sotera Health Co (SHC)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,049,288 | 990,639 | 976,166 | 987,523 | 1,003,687 | 993,346 | 970,806 | 956,084 | 931,478 | |||
| Total assets | US$ in thousands | 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 |
| Total asset turnover | 0.34 | 0.33 | 0.32 | 0.29 | 0.32 | 0.35 | 0.34 | 0.34 | 0.33 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,049,288K ÷ $3,130,420K
= 0.34
The total asset turnover ratio for Sotera Health Co has been relatively stable over the past eight quarters, ranging from 0.29 to 0.35. This ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher ratio suggests that the company is generating more sales per dollar of assets, reflecting efficient asset utilization.
In the most recent quarter, Q4 2023, the total asset turnover was 0.34, which is consistent with the previous trend. This indicates that for every dollar of total assets Sotera Health Co had, it generated $0.34 of sales during that quarter.
Overall, the company's total asset turnover ratio suggests a consistent level of efficiency in generating sales from its assets over the past two years. Further analysis of trends in asset efficiency and sales growth could provide additional insights into the company's operational performance and potential for future growth.
Peer comparison
Dec 31, 2023