STERIS plc (STE)

Total asset turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	5,459,510	5,398,370	5,423,440	5,436,890	5,441,930	5,407,380	5,227,730	5,085,890	4,957,840	4,783,690	4,776,670	4,773,130	4,585,062	4,247,903	3,847,857	3,407,009	3,107,519	3,056,979	3,022,316	3,003,024
Total assets	US$ in thousands	10,146,800	10,008,400	10,242,100	10,108,600	11,063,700	11,435,200	11,280,600	10,784,400	10,821,800	10,799,900	10,489,600	11,188,000	11,452,600	11,690,000	11,752,400	12,101,000	6,574,470	6,580,780	5,492,570	5,363,930
Total asset turnover		0.54	0.54	0.53	0.54	0.49	0.47	0.46	0.47	0.46	0.44	0.46	0.43	0.40	0.36	0.33	0.28	0.47	0.46	0.55	0.56

March 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,459,510K ÷ $10,146,800K
= 0.54

The total asset turnover ratio for STERIS plc has shown fluctuations over the period from June 30, 2020, to March 31, 2025. It started at 0.56 in June 2020, indicating that the company generated $0.56 in revenue for every $1 of total assets. The ratio then decreased slightly to 0.55 by September 2020 and further declined to 0.46 by December 2020.

From March 2021 to September 2021, there was a slight improvement in the total asset turnover ratio, reaching 0.33. Subsequently, there was a gradual increase in the ratio, with values of 0.46 in December 2021 and 0.54 by June 2025. This improvement suggests that the company became more efficient in generating revenue from its total assets.

Overall, the trend in STERIS plc's total asset turnover ratio indicates some variability, with fluctuations in efficiency in utilizing its total assets to generate revenue. It is essential for stakeholders to closely monitor this ratio to assess the company's operational efficiency and asset management effectiveness.