Dentsply Sirona Inc (XRAY)
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 | 3,793,000 | 3,900,000 | 3,896,000 | 3,940,000 | 3,965,000 | 3,936,000 | 3,936,000 | 3,931,000 | 3,918,000 | 4,023,000 | 4,145,000 | 4,189,000 | 4,251,000 | 4,245,000 | 4,070,800 | 3,494,400 | 3,341,700 | 3,371,200 | 3,438,500 | 3,957,300 |
| Total assets | US$ in thousands | 5,753,000 | 6,626,000 | 6,897,000 | 7,123,000 | 7,370,000 | 7,201,000 | 7,650,000 | 7,673,000 | 7,643,000 | 7,522,000 | 8,948,000 | 9,160,000 | 9,220,000 | 9,288,000 | 9,378,000 | 9,137,000 | 9,342,000 | 8,895,900 | 8,604,200 | 8,058,400 |
| Total asset turnover | 0.66 | 0.59 | 0.56 | 0.55 | 0.54 | 0.55 | 0.51 | 0.51 | 0.51 | 0.53 | 0.46 | 0.46 | 0.46 | 0.46 | 0.43 | 0.38 | 0.36 | 0.38 | 0.40 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,793,000K ÷ $5,753,000K
= 0.66
The total asset turnover ratio for Dentsply Sirona Inc has shown a consistent upward trend over the years, indicating improved efficiency in generating sales relative to the company's total assets. From March 31, 2020, at 0.49, the ratio has steadily increased to 0.66 by December 31, 2024. This suggests that the company has been utilizing its assets more efficiently to generate revenue. A higher total asset turnover ratio is generally favorable as it indicates that the company is generating more sales per unit of assets employed. The improvement in this ratio reflects positively on the company's operational efficiency and management of its assets.
Peer comparison
Dec 31, 2024