Stericycle Inc (SRCL)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,591,300 | 2,627,500 | 2,668,500 | 2,733,000 | 2,717,600 | 2,702,000 | 2,649,700 | 2,642,600 | 2,646,700 | 2,677,200 | 2,571,500 | 2,493,200 | 2,551,900 | 2,628,400 | 2,929,000 | 3,157,300 | 3,260,700 | 3,338,400 | 3,360,400 | 3,421,000 |
| Total assets | US$ in thousands | 5,352,600 | 5,246,100 | 5,213,100 | 5,332,000 | 5,334,100 | 5,340,600 | 5,408,000 | 5,477,100 | 5,473,100 | 5,469,500 | 5,517,100 | 5,531,400 | 5,581,900 | 5,633,200 | 5,685,300 | 6,353,200 | 6,437,000 | 6,676,300 | 6,869,700 | 6,850,700 |
| Total asset turnover | 0.48 | 0.50 | 0.51 | 0.51 | 0.51 | 0.51 | 0.49 | 0.48 | 0.48 | 0.49 | 0.47 | 0.45 | 0.46 | 0.47 | 0.52 | 0.50 | 0.51 | 0.50 | 0.49 | 0.50 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,591,300K ÷ $5,352,600K
= 0.48
Stericycle Inc.'s total asset turnover has shown a relatively stable performance over the past eight quarters, hovering mostly around the range of 0.48 to 0.52. This indicates that the company generates approximately 0.48 to 0.52 in revenue for every dollar of total assets it holds. A consistent total asset turnover signifies that Stericycle is effectively utilizing its assets to generate sales. There appears to be a consistent efficiency in how the company is using its assets to generate revenue, which is a positive sign for investors and lenders. However, further analysis of the company's industry and competitors would provide a clearer picture of its asset utilization efficiency relative to the market.
Peer comparison
Dec 31, 2023