Stock Analysis on Net
Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

Intuitive Surgical Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Net fixed asset turnover 3.13 2.86 2.76 2.85 3.00 3.36 3.52 3.74 3.91 4.12 4.59 4.78 5.02 4.99 5.10 5.12 5.31 5.60 5.90
Total asset turnover 0.42 0.39 0.39 0.41 0.43 0.47 0.46 0.47 0.47 0.47 0.47 0.49 0.50 0.51 0.54 0.53 0.55 0.58 0.42
Equity turnover 0.48 0.45 0.45 0.47 0.50 0.54 0.54 0.55 0.56 0.55 0.56 0.57 0.59 0.60 0.66 0.60 0.63 0.67 0.47

Based on: 10-Q (filing date: 2021-07-21), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-17), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-22), 10-Q (filing date: 2019-04-19), 10-K (filing date: 2019-02-04), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-19), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-19), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-19).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Intuitive Surgical Inc.’s net fixed asset turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Intuitive Surgical Inc.’s total asset turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Intuitive Surgical Inc.’s equity turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Net Fixed Asset Turnover

Intuitive Surgical Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in thousands)
Revenue 1,464,000  1,292,100  1,329,100  1,077,700  852,100  1,099,500  1,277,700  1,128,200  1,098,900  973,700  1,046,500  920,900  909,300  847,500  892,400  806,100  756,200  674,200  756,900  682,900  670,100  594,500 
Property, plant, and equipment, net 1,651,200  1,592,900  1,577,300  1,509,700  1,450,300  1,369,200  1,272,900  1,136,800  1,032,400  935,400  812,000  746,400  688,800  661,900  613,100  584,800  540,100  497,400  458,400  447,300  440,100  439,000 
Long-term Activity Ratio
Net fixed asset turnover1 3.13 2.86 2.76 2.85 3.00 3.36 3.52 3.74 3.91 4.12 4.59 4.78 5.02 4.99 5.10 5.12 5.31 5.60 5.90
Benchmarks
Net Fixed Asset Turnover, Competitors2
Abbott Laboratories 4.23 3.83 3.74 3.77 4.06 3.97 4.01 3.95 4.03 4.04 4.08 3.98 3.71 3.60 3.48 3.24 3.07 3.66
Anthem Inc. 34.94 34.69 34.61 32.74 32.30 32.92 34.00 33.79 33.36 33.40 34.91 37.46 39.81 40.95 42.99 44.10 44.04 42.57
Becton, Dickinson & Co. 3.07 2.99 2.89 2.90 3.07 3.00 3.06 3.08 3.11 3.18 2.97 2.77 2.50 2.33 2.61 2.76 3.13 3.25 3.20 3.23 3.24 2.83
Boston Scientific Corp. 4.93 4.76 4.90 4.89 5.14 5.16 5.35 5.54 5.58 5.51 5.59 5.54 5.45 5.33 5.26 5.28 5.19 5.14
Bristol-Myers Squibb Co. 7.43 7.22 6.86 6.03 5.07 4.18 5.00 4.92 4.67 4.49 4.33 4.25 4.16 4.15 4.10 4.09 3.98 3.90
CVS Health Corp. 21.42 21.25 21.48 21.52 21.49 21.24 20.88 19.69 18.47 17.09 18.05 18.24 18.33 17.95 18.39 17.95 17.78 17.45
Danaher Corp. 7.84 7.59 6.83 6.68 6.35 6.03 7.78 7.31 7.43 7.75 7.92 7.97 7.74 7.60 7.47 7.35 7.20 7.13 7.17
Edwards Lifesciences Corp. 3.16 3.14 3.42 3.61 4.07 4.10 4.26 4.26 4.28 4.29 4.40 4.61 4.84 5.05 5.10 5.15 5.35 5.11
Medtronic PLC 5.64 5.72 5.99 6.52 6.50 6.51 6.54 6.65 6.70 6.62 6.51 6.58 6.67 6.82 6.81 5.94 5.93 5.97 5.96
Stryker Corp. 5.43 5.21 5.62 5.57 5.74 5.80 5.91 5.95 6.04 5.94 6.10 6.21 6.20 6.30 6.55 6.80 7.12 7.22
UnitedHealth Group Inc. 30.76 29.64 30.80 30.30 29.91 27.60 27.98 26.97 27.93 26.59 27.18 26.87 25.36 28.54 29.82 30.31 29.73 31.18

Based on: 10-Q (filing date: 2021-07-21), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-17), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-22), 10-Q (filing date: 2019-04-19), 10-K (filing date: 2019-02-04), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-19), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-19), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-19).

1 Q2 2021 Calculation
Net fixed asset turnover = (RevenueQ2 2021 + RevenueQ1 2021 + RevenueQ4 2020 + RevenueQ3 2020) ÷ Property, plant, and equipment, net
= (1,464,000 + 1,292,100 + 1,329,100 + 1,077,700) ÷ 1,651,200 = 3.13

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Intuitive Surgical Inc.’s net fixed asset turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Total Asset Turnover

Intuitive Surgical Inc., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in thousands)
Revenue 1,464,000  1,292,100  1,329,100  1,077,700  852,100  1,099,500  1,277,700  1,128,200  1,098,900  973,700  1,046,500  920,900  909,300  847,500  892,400  806,100  756,200  674,200  756,900  682,900  670,100  594,500 
Total assets 12,297,000  11,540,400  11,168,900  10,617,500  10,103,600  9,891,100  9,733,200  9,131,300  8,531,600  8,234,900  7,846,700  7,318,600  6,849,600  6,426,200  5,758,000  5,644,600  5,250,800  4,808,000  6,486,900  6,174,700  5,780,800  5,306,300 
Long-term Activity Ratio
Total asset turnover1 0.42 0.39 0.39 0.41 0.43 0.47 0.46 0.47 0.47 0.47 0.47 0.49 0.50 0.51 0.54 0.53 0.55 0.58 0.42
Benchmarks
Total Asset Turnover, Competitors2
Abbott Laboratories 0.51 0.48 0.47 0.46 0.48 0.47 0.46 0.45 0.45 0.46 0.42 0.43 0.40 0.36 0.35 0.33 0.31 0.40
Anthem Inc. 1.29 1.39 1.34 1.28 1.31 1.33 1.28 1.26 1.25 1.28 1.22 1.20 1.22 1.26 1.29 1.28 1.25 1.29
Becton, Dickinson & Co. 0.34 0.33 0.32 0.31 0.33 0.33 0.33 0.33 0.32 0.32 0.30 0.27 0.25 0.22 0.32 0.33 0.51 0.51 0.49 0.47 0.47 0.43
Boston Scientific Corp. 0.33 0.32 0.33 0.33 0.36 0.35 0.39 0.41 0.42 0.47 0.47 0.48 0.48 0.48 0.47 0.47 0.48 0.46
Bristol-Myers Squibb Co. 0.38 0.36 0.31 0.27 0.24 0.20 0.42 0.43 0.67 0.64 0.65 0.66 0.64 0.62 0.61 0.61 0.61 0.58
CVS Health Corp. 1.18 1.16 1.14 1.12 1.13 1.15 1.11 1.03 0.95 0.99 1.43 1.40 1.38 1.94 1.96 1.95 1.93 1.88
Danaher Corp. 0.34 0.33 0.29 0.28 0.27 0.26 0.29 0.30 0.35 0.38 0.42 0.41 0.40 0.40 0.39 0.39 0.38 0.38 0.37
Edwards Lifesciences Corp. 0.62 0.61 0.64 0.67 0.74 0.67 0.70 0.71 0.70 0.70 0.61 0.62 0.59 0.60 0.60 0.63 0.66 0.66
Medtronic PLC 0.29 0.30 0.32 0.33 0.34 0.34 0.34 0.34 0.34 0.33 0.33 0.31 0.31 0.30 0.30 0.30 0.29 0.29 0.29
Stryker Corp. 0.44 0.42 0.44 0.45 0.51 0.49 0.55 0.54 0.53 0.50 0.60 0.60 0.58 0.56 0.56 0.56 0.57 0.55
UnitedHealth Group Inc. 1.27 1.30 1.31 1.28 1.29 1.38 1.37 1.40 1.43 1.48 1.45 1.37 1.33 1.44 1.39 1.39 1.37 1.50

Based on: 10-Q (filing date: 2021-07-21), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-17), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-22), 10-Q (filing date: 2019-04-19), 10-K (filing date: 2019-02-04), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-19), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-19), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-19).

1 Q2 2021 Calculation
Total asset turnover = (RevenueQ2 2021 + RevenueQ1 2021 + RevenueQ4 2020 + RevenueQ3 2020) ÷ Total assets
= (1,464,000 + 1,292,100 + 1,329,100 + 1,077,700) ÷ 12,297,000 = 0.42

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Intuitive Surgical Inc.’s total asset turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.

Equity Turnover

Intuitive Surgical Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in thousands)
Revenue 1,464,000  1,292,100  1,329,100  1,077,700  852,100  1,099,500  1,277,700  1,128,200  1,098,900  973,700  1,046,500  920,900  909,300  847,500  892,400  806,100  756,200  674,200  756,900  682,900  670,100  594,500 
Total Intuitive Surgical, Inc. stockholders’ equity 10,837,500  10,153,500  9,731,500  9,257,800  8,740,500  8,506,700  8,263,800  7,761,400  7,265,300  7,024,200  6,678,800  6,280,600  5,860,600  5,497,100  4,725,200  4,957,900  4,522,300  4,127,500  5,777,800  5,541,800  5,181,500  4,750,400 
Long-term Activity Ratio
Equity turnover1 0.48 0.45 0.45 0.47 0.50 0.54 0.54 0.55 0.56 0.55 0.56 0.57 0.59 0.60 0.66 0.60 0.63 0.67 0.47
Benchmarks
Equity Turnover, Competitors2
Abbott Laboratories 1.11 1.06 1.03 1.03 1.06 1.03 0.99 0.98 0.99 1.00 0.99 0.97 0.91 0.89 0.78 0.75 0.71 1.02
Anthem Inc. 3.65 3.64 3.43 3.26 3.41 3.25 3.17 3.11 3.11 3.20 3.11 3.12 3.30 3.36 3.40 3.30 3.30 3.35
Becton, Dickinson & Co. 0.76 0.74 0.72 0.70 0.83 0.82 0.82 0.80 0.80 0.80 0.76 0.69 0.64 0.58 0.93 0.97 1.55 1.64 1.64 1.53 1.60 1.55
Boston Scientific Corp. 0.64 0.65 0.65 0.65 0.78 0.77 1.07 1.07 1.08 1.13 1.17 1.23 1.32 1.29 1.16 1.20 1.22 1.25
Bristol-Myers Squibb Co. 1.14 1.12 0.79 0.71 0.62 0.51 1.37 1.49 1.53 1.61 1.62 1.75 1.64 1.77 1.39 1.38 1.38 1.20
CVS Health Corp. 3.81 3.86 3.86 3.87 4.01 4.00 3.89 3.69 3.51 3.33 5.14 5.25 4.81 4.90 5.23 5.30 5.28 4.82
Danaher Corp. 0.62 0.61 0.56 0.54 0.52 0.58 0.59 0.57 0.59 0.62 0.71 0.71 0.71 0.69 0.70 0.70 0.71 0.72 0.73
Edwards Lifesciences Corp. 0.96 0.96 1.04 1.13 1.15 1.05 1.09 1.13 1.11 1.19 1.08 1.12 1.06 1.16 1.05 1.10 1.15 1.13
Medtronic PLC 0.56 0.56 0.57 0.60 0.61 0.61 0.61 0.61 0.61 0.60 0.59 0.59 0.58 0.59 0.59 0.59 0.58 0.57 0.55
Stryker Corp. 1.09 1.10 1.10 1.10 1.14 1.16 1.18 1.19 1.19 1.16 1.35 1.38 1.38 1.25 1.16 1.19 1.21 1.19
UnitedHealth Group Inc. 3.94 3.90 3.85 3.87 4.29 4.17 4.33 4.41 4.44 4.35 4.37 4.40 4.34 4.19 4.32 4.44 4.49 4.81

Based on: 10-Q (filing date: 2021-07-21), 10-Q (filing date: 2021-04-21), 10-K (filing date: 2021-02-10), 10-Q (filing date: 2020-10-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-17), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-22), 10-Q (filing date: 2019-04-19), 10-K (filing date: 2019-02-04), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-20), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-20), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-19), 10-K (filing date: 2017-02-06), 10-Q (filing date: 2016-10-19), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-19).

1 Q2 2021 Calculation
Equity turnover = (RevenueQ2 2021 + RevenueQ1 2021 + RevenueQ4 2020 + RevenueQ3 2020) ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= (1,464,000 + 1,292,100 + 1,329,100 + 1,077,700) ÷ 10,837,500 = 0.48

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Intuitive Surgical Inc.’s equity turnover ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021.