Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

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

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net fixed asset turnover	1.84	1.93	2.01	2.23	2.35	2.49	2.62	2.73	2.83	3.00	3.04	3.16	3.13	2.86	2.76	2.85	3.00	3.36	3.52	—	—	—
Total asset turnover	0.45	0.46	0.46	0.47	0.48	0.49	0.48	0.46	0.44	0.43	0.42	0.42	0.42	0.39	0.39	0.41	0.43	0.47	0.46	—	—	—
Equity turnover	0.51	0.52	0.54	0.55	0.56	0.57	0.56	0.53	0.50	0.49	0.48	0.48	0.48	0.45	0.45	0.47	0.50	0.54	0.54	—	—	—

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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. net fixed asset turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Intuitive Surgical Inc. total asset turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Intuitive Surgical Inc. equity turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

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

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenue	2,009,900)	1,890,600)	1,928,300)	1,743,700)	1,755,900)	1,696,200)	1,655,000)	1,557,400)	1,522,100)	1,487,700)	1,550,700)	1,403,300)	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)
Property, plant, and equipment, net	4,116,800)	3,799,600)	3,537,600)	3,077,000)	2,830,800)	2,580,200)	2,374,200)	2,243,700)	2,109,300)	1,968,200)	1,876,400)	1,737,900)	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)
Long-term Activity Ratio
Net fixed asset turnover¹	1.84	1.93	2.01	2.23	2.35	2.49	2.62	2.73	2.83	3.00	3.04	3.16	3.13	2.86	2.76	2.85	3.00	3.36	3.52	—	—	—
Benchmarks
Net Fixed Asset Turnover, Competitors²
Abbott Laboratories	3.98	3.99	3.95	4.18	4.26	4.47	4.76	5.18	5.17	5.00	4.81	4.79	4.56	4.23	3.83	3.74	3.77	4.06	3.97	—	—	—
Cigna Group	61.03	56.79	52.53	48.12	47.67	47.44	47.53	47.84	48.61	47.95	46.73	41.42	40.56	39.29	37.85	37.05	36.02	35.37	34.45	—	—	—
CVS Health Corp.	27.77	27.59	27.05	26.62	26.00	25.63	24.98	24.90	24.05	23.26	22.56	22.24	21.90	21.42	21.25	21.48	21.52	21.49	21.24	—	—	—
Elevance Health Inc.	38.30	38.32	39.05	39.41	36.19	36.14	36.07	36.22	36.17	35.81	34.94	34.54	34.17	34.94	34.69	34.61	32.74	32.30	32.92	—	—	—
Humana Inc.	39.29	36.28	34.75	30.35	29.59	29.40	28.71	28.37	28.64	27.05	26.97	27.83	29.47	31.04	32.05	32.90	33.07	33.20	32.93	—	—	—
Medtronic PLC	5.57	5.57	5.61	5.66	5.82	5.88	5.85	6.05	6.13	6.12	5.77	5.56	5.64	5.72	5.99	6.52	6.50	6.51	6.54	—	—	—
UnitedHealth Group Inc.	38.90	35.98	32.10	32.18	31.60	31.35	31.81	33.07	32.33	32.16	31.81	31.77	30.94	30.76	29.64	30.80	30.30	29.91	27.60	—	—	—

¹ Q2 2024 Calculation
Net fixed asset turnover = (Revenue_{Q2 2024} + Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023}) ÷ Property, plant, and equipment, net
= (2,009,900 + 1,890,600 + 1,928,300 + 1,743,700) ÷ 4,116,800 = 1.84

² Click competitor name to see calculations.

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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. net fixed asset turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

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

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenue	2,009,900)	1,890,600)	1,928,300)	1,743,700)	1,755,900)	1,696,200)	1,655,000)	1,557,400)	1,522,100)	1,487,700)	1,550,700)	1,403,300)	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)
Total assets	16,649,900)	15,828,000)	15,441,500)	14,712,700)	13,903,300)	13,053,200)	12,974,000)	13,260,800)	13,705,200)	13,678,400)	13,555,000)	12,934,600)	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)
Long-term Activity Ratio
Total asset turnover¹	0.45	0.46	0.46	0.47	0.48	0.49	0.48	0.46	0.44	0.43	0.42	0.42	0.42	0.39	0.39	0.41	0.43	0.47	0.46	—	—	—
Benchmarks
Total Asset Turnover, Competitors²
Abbott Laboratories	0.56	0.56	0.55	0.55	0.55	0.56	0.59	0.62	0.61	0.60	0.57	0.57	0.55	0.51	0.48	0.47	0.46	0.48	0.47	—	—	—
Cigna Group	1.39	1.34	1.27	1.26	1.23	1.23	1.25	1.24	1.17	1.15	1.11	1.09	1.07	1.06	1.02	0.97	0.96	0.99	0.98	—	—	—
CVS Health Corp.	1.43	1.44	1.43	1.38	1.35	1.38	1.41	1.36	1.33	1.28	1.25	1.21	1.20	1.18	1.16	1.14	1.12	1.13	1.15	—	—	—
Elevance Health Inc.	1.51	1.52	1.56	1.52	1.51	1.46	1.51	1.48	1.47	1.42	1.41	1.35	1.33	1.29	1.39	1.34	1.28	1.31	1.33	—	—	—
Humana Inc.	2.21	2.16	2.24	1.81	1.73	1.74	2.15	1.80	1.91	1.86	1.87	1.78	2.08	2.08	2.17	1.90	1.82	1.94	2.21	—	—	—
Medtronic PLC	0.35	0.35	0.34	0.33	0.33	0.35	0.35	0.35	0.35	0.34	0.32	0.29	0.29	0.30	0.32	0.33	0.34	0.34	0.34	—	—	—
UnitedHealth Group Inc.	1.33	1.32	1.34	1.26	1.23	1.18	1.31	1.29	1.32	1.33	1.34	1.30	1.29	1.27	1.30	1.31	1.28	1.29	1.38	—	—	—

¹ Q2 2024 Calculation
Total asset turnover = (Revenue_{Q2 2024} + Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023}) ÷ Total assets
= (2,009,900 + 1,890,600 + 1,928,300 + 1,743,700) ÷ 16,649,900 = 0.45

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Intuitive Surgical Inc. total asset turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.

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

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Selected Financial Data (US$ in thousands)
Revenue	2,009,900)	1,890,600)	1,928,300)	1,743,700)	1,755,900)	1,696,200)	1,655,000)	1,557,400)	1,522,100)	1,487,700)	1,550,700)	1,403,300)	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)
Total Intuitive Surgical, Inc. stockholders’ equity	14,708,300)	13,962,600)	13,307,600)	12,539,000)	11,879,100)	11,217,700)	11,041,900)	11,515,400)	12,023,000)	12,102,300)	11,901,100)	11,410,900)	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)
Long-term Activity Ratio
Equity turnover¹	0.51	0.52	0.54	0.55	0.56	0.57	0.56	0.53	0.50	0.49	0.48	0.48	0.48	0.45	0.45	0.47	0.50	0.54	0.54	—	—	—
Benchmarks
Equity Turnover, Competitors²
Abbott Laboratories	1.04	1.04	1.04	1.07	1.08	1.12	1.19	1.26	1.25	1.26	1.20	1.23	1.19	1.11	1.06	1.03	1.03	1.06	1.03	—	—	—
Cigna Group	5.24	4.97	4.20	4.13	4.07	4.09	4.00	3.98	3.88	3.81	3.66	3.56	3.40	3.36	3.16	3.24	3.24	3.39	3.36	—	—	—
CVS Health Corp.	4.83	4.86	4.66	4.66	4.65	4.62	4.53	4.45	4.08	4.05	3.87	3.82	3.79	3.81	3.86	3.86	3.87	4.01	4.00	—	—	—
Elevance Health Inc.	4.04	4.20	4.33	4.36	4.31	4.27	4.29	4.22	4.13	3.97	3.80	3.71	3.65	3.65	3.64	3.43	3.26	3.41	3.25	—	—	—
Humana Inc.	6.65	6.70	6.48	5.98	5.82	5.74	6.04	5.62	5.77	5.63	5.15	4.96	5.34	5.48	5.54	4.65	4.86	5.44	5.35	—	—	—
Medtronic PLC	0.62	0.62	0.61	0.60	0.59	0.59	0.60	0.60	0.61	0.61	0.59	0.55	0.56	0.56	0.57	0.60	0.61	0.61	0.61	—	—	—
UnitedHealth Group Inc.	4.27	4.33	4.14	4.22	4.19	4.10	4.14	4.19	4.18	4.06	3.98	3.95	3.92	3.94	3.90	3.85	3.87	4.29	4.17	—	—	—

¹ Q2 2024 Calculation
Equity turnover = (Revenue_{Q2 2024} + Revenue_{Q1 2024} + Revenue_{Q4 2023} + Revenue_{Q3 2023}) ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= (2,009,900 + 1,890,600 + 1,928,300 + 1,743,700) ÷ 14,708,300 = 0.51

² Click competitor name to see calculations.

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Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.	Intuitive Surgical Inc. equity turnover ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Intuitive Surgical Inc. (NASDAQ:ISRG)

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

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

Intuitive Surgical Inc. (NASDAQ:ISRG)

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

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

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