Stryker Corporation (SYK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,595,000 | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 |
| Property, plant and equipment | US$ in thousands | 3,448,000 | 3,215,000 | 2,970,000 | 2,833,000 | 2,752,000 |
| Fixed asset turnover | 6.55 | 6.38 | 6.21 | 6.04 | 5.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $22,595,000K ÷ $3,448,000K
= 6.55
The fixed asset turnover ratio for Stryker Corporation has been showing a positive trend over the years, increasing from 5.21 in December 31, 2020, to 6.55 in December 31, 2024. This indicates that the company is becoming more efficient in generating revenue from its fixed assets. Stryker is effectively utilizing its fixed assets to generate sales, which is a positive sign for the company's operational efficiency and profitability. The consistent improvement in the fixed asset turnover ratio suggests that Stryker's management is effectively managing its assets to drive revenue growth. This trend indicates that Stryker Corporation's investments in fixed assets are yielding favorable returns and contributing to the company's overall financial performance.
Peer comparison
Dec 31, 2024