Solventum Corp. (SOLV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,254,000 | 8,197,000 | 8,130,000 | 8,171,000 | 7,281,000 |
| Total assets | US$ in thousands | 14,457,000 | 14,377,000 | 13,594,000 | 14,075,000 | — |
| Total asset turnover | 0.57 | 0.57 | 0.60 | 0.58 | — |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,254,000K ÷ $14,457,000K
= 0.57
The total asset turnover ratio for Solventum Corp. has shown some consistency over the past few years. From December 31, 2021, to December 31, 2024, the total asset turnover has ranged from 0.57 to 0.60. This indicates that, on average, Solventum Corp. generates $0.57 to $0.60 in revenue for every dollar of assets held during these years. While the ratio has remained relatively stable, it suggests room for improvement in utilizing assets more efficiently to generate higher sales. Further analysis of the company's operations and industry benchmarks may provide insights into enhancing asset utilization for improved financial performance.
Peer comparison
Dec 31, 2024