Dentsply Sirona Inc (XRAY)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,793,000 | 3,965,000 | 3,922,000 | 4,251,000 | 3,342,000 |
| Total assets | US$ in thousands | 5,753,000 | 7,370,000 | 7,643,000 | 9,220,000 | 9,342,000 |
| Total asset turnover | 0.66 | 0.54 | 0.51 | 0.46 | 0.36 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,793,000K ÷ $5,753,000K
= 0.66
Dentsply Sirona Inc's total asset turnover has shown a positive trend over the past few years, increasing from 0.36 in December 2020 to 0.66 in December 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in utilizing its assets to generate sales. An increasing total asset turnover ratio suggests that the company is effectively managing its assets to drive sales growth and maximize the utilization of resources. This could be attributed to better inventory management, efficient asset deployment, or enhanced operational performance. Overall, the improving total asset turnover ratio signifies a positive trend in Dentsply Sirona Inc's asset utilization efficiency and revenue generation capabilities.
Peer comparison
Dec 31, 2024