Total Asset Turnover
since 2005
Calculation
AmerisourceBergen Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 30, 2022 | 4.22 | = | 238,587,006) | ÷ | 56,560,616) |
| Sep 30, 2021 | 3.73 | = | 213,988,843) | ÷ | 57,337,805) |
| Sep 30, 2020 | 4.29 | = | 189,893,926) | ÷ | 44,274,830) |
| Sep 30, 2019 | 4.58 | = | 179,589,121) | ÷ | 39,171,980) |
| Sep 30, 2018 | 4.46 | = | 167,939,635) | ÷ | 37,669,838) |
| Sep 30, 2017 | 4.34 | = | 153,143,826) | ÷ | 35,316,470) |
| Sep 30, 2016 | 4.36 | = | 146,849,686) | ÷ | 33,656,200) |
| Sep 30, 2015 | 4.90 | = | 135,961,803) | ÷ | 27,736,157) |
| Sep 30, 2014 | 5.55 | = | 119,569,127) | ÷ | 21,532,183) |
| Sep 30, 2013 | 4.65 | = | 87,959,167) | ÷ | 18,918,638) |
| Sep 30, 2012 | 5.15 | = | 79,489,596) | ÷ | 15,444,126) |
| Sep 30, 2011 | 5.35 | = | 80,217,558) | ÷ | 14,982,671) |
| Sep 30, 2010 | 5.40 | = | 77,953,979) | ÷ | 14,434,843) |
| Sep 30, 2009 | 5.29 | = | 71,759,990) | ÷ | 13,572,740) |
| Sep 30, 2008 | 5.74 | = | 70,189,733) | ÷ | 12,217,786) |
| Sep 30, 2007 | 5.37 | = | 66,074,312) | ÷ | 12,310,064) |
| Sep 30, 2006 | 4.79 | = | 61,203,145) | ÷ | 12,783,920) |
| Sep 30, 2005 | 4.80 | = | 54,577,321) | ÷ | 11,381,174) |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
An analysis of the financial performance from 2005 to 2022 reveals a period of substantial expansion in both top-line revenue and the asset base, accompanied by a gradual decline in operational efficiency regarding asset utilization.
- Revenue Growth Trends
- Revenue experienced consistent growth, increasing from approximately 54.6 billion USD in 2005 to 238.6 billion USD in 2022. A significant acceleration in growth is observed between 2013 and 2014, where revenue jumped from 87.9 billion USD to 119.6 billion USD, marking a pivotal shift in the scale of operations.
- Asset Base Expansion
- Total assets grew from 11.4 billion USD in 2005 to 56.6 billion USD in 2022. The expansion of the asset base remained relatively moderate until 2013, after which a more aggressive increase occurred, reflecting significant investments or acquisitions to support the expanding revenue streams.
- Total Asset Turnover Analysis
- The total asset turnover ratio exhibited a peaking pattern followed by a long-term decline. The ratio reached its highest point of 5.74 in 2008, indicating high efficiency in generating sales relative to the asset base. From 2014 onwards, the ratio generally trended downward, reaching a period low of 3.73 in 2021. This downward trajectory suggests that the growth in total assets eventually outpaced the growth in revenue, leading to reduced asset productivity over time.
- Efficiency Correlations
- While the absolute volume of revenue increased more than fourfold over the analyzed period, the declining turnover ratio indicates that each dollar of assets generated less revenue in 2022 than it did in 2005. A slight recovery was noted in the final year, with the ratio improving from 3.73 in 2021 to 4.22 in 2022.
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Comparison to Competitors
AmerisourceBergen Corp., total asset turnover, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2022 | 4.22 | 0.59 | 1.51 | 0.48 | 0.35 | 1.31 |
| Sep 30, 2021 | 3.73 | 0.57 | 1.41 | 0.42 | 0.32 | 1.34 |
| Sep 30, 2020 | 4.29 | 0.48 | 1.39 | 0.39 | 0.32 | 1.30 |
| Sep 30, 2019 | 4.58 | 0.47 | 1.33 | 0.46 | 0.34 | 1.38 |
| Sep 30, 2018 | 4.46 | 0.46 | 1.28 | 0.47 | 0.33 | 1.48 |
| Sep 30, 2017 | 4.34 | 0.36 | 1.26 | 0.54 | 0.30 | 1.44 |
| Sep 30, 2016 | 4.36 | 0.40 | 1.29 | 0.42 | 0.29 | 1.50 |
| Sep 30, 2015 | 4.90 | 0.49 | 1.27 | 0.49 | 0.19 | 1.40 |
| Sep 30, 2014 | 5.55 | 0.49 | 1.18 | 0.54 | 0.45 | 1.50 |
| Sep 30, 2013 | 4.65 | 0.51 | 1.18 | 0.57 | 0.48 | 1.49 |
| Sep 30, 2012 | 5.15 | 0.59 | 1.03 | 0.54 | 0.49 | 1.36 |
| Sep 30, 2011 | 5.35 | 0.64 | 1.15 | 0.57 | 0.52 | 1.49 |
| Sep 30, 2010 | 5.40 | 0.59 | 1.15 | 0.59 | 0.56 | 1.48 |
| Sep 30, 2009 | 5.29 | 0.59 | 1.17 | 0.58 | 0.62 | 1.47 |
| Sep 30, 2008 | 5.74 | 0.70 | 1.27 | 0.59 | 0.61 | 1.44 |
| Sep 30, 2007 | 5.37 | 0.65 | 1.15 | 0.58 | 0.63 | 1.46 |
| Sep 30, 2006 | 4.79 | 0.62 | 1.08 | 0.55 | 0.57 | 1.46 |
| Sep 30, 2005 | 4.80 | 0.77 | 0.87 | 0.45 | 0.61 | 1.08 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Health Care Equipment & Services)
AmerisourceBergen Corp., total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| AmerisourceBergen Corp. | Health Care Equipment & Services | |
|---|---|---|
| Sep 30, 2022 | 4.22 | 1.06 |
| Sep 30, 2021 | 3.73 | 1.02 |
| Sep 30, 2020 | 4.29 | 0.97 |
| Sep 30, 2019 | 4.58 | 0.98 |
| Sep 30, 2018 | 4.46 | 0.98 |
| Sep 30, 2017 | 4.34 | 0.89 |
| Sep 30, 2016 | 4.36 | 0.92 |
| Sep 30, 2015 | 4.90 | 0.85 |
| Sep 30, 2014 | 5.55 | 1.05 |
| Sep 30, 2013 | 4.65 | 1.04 |
| Sep 30, 2012 | 5.15 | 0.94 |
| Sep 30, 2011 | 5.35 | 1.02 |
| Sep 30, 2010 | 5.40 | 1.00 |
| Sep 30, 2009 | 5.29 | 1.03 |
| Sep 30, 2008 | 5.74 | 1.09 |
| Sep 30, 2007 | 5.37 | 1.06 |
| Sep 30, 2006 | 4.79 | 1.03 |
| Sep 30, 2005 | 4.80 | 0.88 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Health Care)
AmerisourceBergen Corp., total asset turnover, long-term trends, comparison to industry (health care)
| AmerisourceBergen Corp. | Health Care | |
|---|---|---|
| Sep 30, 2022 | 4.22 | 0.66 |
| Sep 30, 2021 | 3.73 | 0.62 |
| Sep 30, 2020 | 4.29 | 0.57 |
| Sep 30, 2019 | 4.58 | 0.57 |
| Sep 30, 2018 | 4.46 | 0.63 |
| Sep 30, 2017 | 4.34 | 0.56 |
| Sep 30, 2016 | 4.36 | 0.57 |
| Sep 30, 2015 | 4.90 | 0.55 |
| Sep 30, 2014 | 5.55 | 0.60 |
| Sep 30, 2013 | 4.65 | 0.58 |
| Sep 30, 2012 | 5.15 | 0.58 |
| Sep 30, 2011 | 5.35 | 0.61 |
| Sep 30, 2010 | 5.40 | 0.61 |
| Sep 30, 2009 | 5.29 | 0.55 |
| Sep 30, 2008 | 5.74 | 0.73 |
| Sep 30, 2007 | 5.37 | 0.71 |
| Sep 30, 2006 | 4.79 | 0.69 |
| Sep 30, 2005 | 4.80 | 0.66 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).