Dentsply Sirona Inc (XRAY)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,887,000 | 3,905,000 | 3,909,000 | 3,910,000 | 3,908,000 | 4,001,000 | 4,094,000 | 4,137,000 | 4,206,000 | 4,182,500 | 4,036,800 | 3,464,100 | 3,305,500 | 3,337,500 | 3,412,700 | 3,935,800 | 4,015,000 | 3,963,200 | 3,926,400 | 3,957,500 |
| Total assets | US$ in thousands | 7,370,000 | 7,201,000 | 7,650,000 | 7,673,000 | 7,643,000 | 7,522,000 | 8,948,000 | 9,172,000 | 9,239,000 | 9,306,000 | 9,378,000 | 9,137,000 | 9,342,000 | 8,895,900 | 8,604,200 | 8,058,400 | 8,603,000 | 8,366,800 | 8,575,300 | 8,604,500 |
| Total asset turnover | 0.53 | 0.54 | 0.51 | 0.51 | 0.51 | 0.53 | 0.46 | 0.45 | 0.46 | 0.45 | 0.43 | 0.38 | 0.35 | 0.38 | 0.40 | 0.49 | 0.47 | 0.47 | 0.46 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,887,000K ÷ $7,370,000K
= 0.53
The total asset turnover ratio of DENTSPLY Sirona Inc has shown some fluctuations over the past eight quarters, ranging from 0.45 to 0.55. Generally, a higher total asset turnover ratio indicates that the company is generating more revenue relative to its total assets.
In the most recent quarter (Q4 2023), the total asset turnover ratio decreased slightly to 0.54 from 0.55 in the previous quarter (Q3 2023). This suggests that the company may have experienced a slight decrease in its efficiency in generating sales from its total assets.
Comparing Q4 2023 to the same quarter of the previous year (Q4 2022), the total asset turnover ratio remained relatively stable at 0.51. This could indicate consistency in the company's ability to generate revenue from its assets over this one-year period.
Overall, while there have been fluctuations in the total asset turnover ratio of DENTSPLY Sirona Inc, it is important to further investigate the reasons behind these changes to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023