Stryker Corporation (SYK)

Total asset turnover

		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	Mar 31, 2020
Revenue (ttm)	US$ in thousands	22,595,000	21,974,000	21,389,000	20,963,000	20,498,000	19,885,000	19,455,000	18,952,000	18,449,000	17,948,000	17,629,000	17,430,000	17,108,000	16,669,000	16,246,000	14,716,000	14,351,000	14,220,000	14,070,000	14,956,000
Total assets	US$ in thousands	42,971,000	43,833,000	39,130,000	39,402,000	39,912,000	38,042,000	37,409,000	36,830,000	36,884,000	35,983,000	36,032,000	36,137,000	34,631,000	34,145,000	33,698,000	33,455,000	34,330,000	32,286,000	31,483,000	29,440,000
Total asset turnover		0.53	0.50	0.55	0.53	0.51	0.52	0.52	0.51	0.50	0.50	0.49	0.48	0.49	0.49	0.48	0.44	0.42	0.44	0.45	0.51

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,595,000K ÷ $42,971,000K
= 0.53

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover indicates that a company is more efficient at using its assets to generate sales.

In the case of Stryker Corporation, the total asset turnover has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.51 in March 2020, decreased to 0.42 by December 2020, and then gradually improved to reach 0.53 by June 2024.

Overall, Stryker's total asset turnover has shown a generally upward trend, indicating that the company has become more effective in utilizing its assets to generate sales. However, the ratio experienced some fluctuations during the period under review, suggesting potential variations in the company's asset utilization efficiency.