STERIS plc (STE)

Total asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	5,459,520	5,138,700	4,536,270	4,585,060	3,107,520
Total assets	US$ in thousands	10,146,800	11,063,700	10,821,800	11,452,600	6,574,470
Total asset turnover		0.54	0.46	0.42	0.40	0.47

March 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,459,520K ÷ $10,146,800K
= 0.54

The total asset turnover ratio measures how efficiently a company generates sales revenue from its total assets. For STERIS plc, the total asset turnover ratio has fluctuated over the past four years.

As of March 31, 2021, the ratio was 0.47, indicating that for every $1 of total assets, the company generated $0.47 in sales revenue. This suggests that STERIS plc was quite efficient in utilizing its assets to generate revenue.

However, in the subsequent years, the total asset turnover ratio declined to 0.40 as of March 31, 2022, and then slightly increased to 0.42 as of March 31, 2023. This decline may indicate that the company became less effective in utilizing its assets to generate sales revenue during those periods.

Subsequently, as of March 31, 2024, the total asset turnover ratio improved to 0.46, signaling a better efficiency in asset utilization compared to the previous year.

Unfortunately, the data for March 31, 2025 is not available, indicated by a dash in the dataset. Without this data point, it is challenging to assess the latest trend in STERIS plc's total asset turnover ratio.

In conclusion, STERIS plc has experienced fluctuations in its total asset turnover ratio over the past years, with some periods showing increased efficiency in utilizing assets to generate sales revenue, and others showing a decline. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in asset management.