Stryker Corporation (SYK)
Total 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 |
| Total assets | US$ in thousands | 42,971,000 | 39,912,000 | 36,884,000 | 34,631,000 | 34,330,000 |
| Total asset turnover | 0.53 | 0.51 | 0.50 | 0.49 | 0.42 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,595,000K ÷ $42,971,000K
= 0.53
The total asset turnover of Stryker Corporation has shown a consistent upward trend over the past few years. It increased from 0.42 in December 31, 2020, to 0.53 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. A higher total asset turnover ratio suggests that the company is utilizing its assets effectively to generate sales. Overall, the increasing trend in total asset turnover for Stryker Corporation bodes well for its operational efficiency and financial health.
Peer comparison
Dec 31, 2024