Zimmer Biomet Holdings Inc (ZBH)

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	7,434,500	7,373,400	7,289,700	7,214,600	7,171,500	7,054,100	6,993,800	6,933,800	6,780,400	6,827,800	7,061,000	7,290,300	7,452,200	7,716,200	7,722,600	6,923,200	6,840,900	6,881,300	6,840,200	7,596,700
Total assets	US$ in thousands	21,365,300	21,720,300	21,520,000	21,452,400	21,496,900	21,217,300	21,294,300	21,243,500	21,066,000	21,333,300	21,452,700	21,617,500	23,456,400	24,008,600	24,223,200	24,026,600	24,417,700	24,025,500	23,647,600	25,512,900
Total asset turnover		0.35	0.34	0.34	0.34	0.33	0.33	0.33	0.33	0.32	0.32	0.33	0.34	0.32	0.32	0.32	0.29	0.28	0.29	0.29	0.30

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,434,500K ÷ $21,365,300K
= 0.35

The total asset turnover of Zimmer Biomet Holdings Inc has exhibited a steady increase over the past few years, indicating an improvement in the efficiency of the company in generating sales revenue relative to its total assets. The ratio ranged from 0.28 in December 2020 to 0.35 in December 2024, showing a positive trend. This suggests that the company is utilizing its assets more effectively to drive revenue growth and may be enhancing its operational efficiency and productivity. Overall, the increasing total asset turnover reflects a positive development in Zimmer Biomet's ability to generate sales from its asset base.