Zimmer Biomet Holdings Inc (ZBH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,434,500 | 7,171,400 | 6,780,400 | 7,459,000 | 6,789,700 |
| Total assets | US$ in thousands | 21,365,300 | 21,496,900 | 21,066,000 | 23,456,400 | 24,417,700 |
| Total asset turnover | 0.35 | 0.33 | 0.32 | 0.32 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,434,500K ÷ $21,365,300K
= 0.35
The total asset turnover ratio for Zimmer Biomet Holdings Inc has shown a gradual improvement over the past five years. It increased from 0.28 in December 31, 2020, to 0.35 in December 31, 2024. This indicates that the company generated $0.35 in sales for every $1 of assets held at the end of the period in 2024.
A higher total asset turnover ratio suggests that the company is utilizing its assets more efficiently to generate sales revenue. Zimmer Biomet Holdings Inc's improving total asset turnover ratio reflects positively on its ability to generate sales relative to its total assets and indicates enhanced operational efficiency during the period under review.
Peer comparison
Dec 31, 2024