Stericycle Inc (SRCL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,591,300 | 2,718,000 | 2,646,700 | 2,548,200 | 3,176,400 |
| Total assets | US$ in thousands | 5,352,600 | 5,334,100 | 5,473,100 | 5,581,900 | 6,437,000 |
| Total asset turnover | 0.48 | 0.51 | 0.48 | 0.46 | 0.49 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,591,300K ÷ $5,352,600K
= 0.48
Stericycle Inc.'s total asset turnover has shown some fluctuations over the past five years. The ratio has ranged from 0.48 to 0.51 during this period. A total asset turnover ratio of 0.50 in 2023 indicates that the company generated $0.50 in revenue for every dollar of assets it had during the year.
Overall, the company's total asset turnover appears to be relatively stable, with minor variations year over year. This suggests that Stericycle Inc. is efficiently utilizing its assets to generate revenue, although there may be room for improvement to potentially increase this ratio in the future. Further analysis of factors such as industry benchmarks and specific operational strategies could provide additional insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023