Total Asset Turnover
since 2005
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AmerisourceBergen Corp. pages available for free this week:
- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Calculation
AmerisourceBergen Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Sep 30, 2022 | = | ÷ | |||
| Sep 30, 2021 | = | ÷ | |||
| Sep 30, 2020 | = | ÷ | |||
| Sep 30, 2019 | = | ÷ | |||
| Sep 30, 2018 | = | ÷ | |||
| Sep 30, 2017 | = | ÷ | |||
| Sep 30, 2016 | = | ÷ | |||
| Sep 30, 2015 | = | ÷ | |||
| Sep 30, 2014 | = | ÷ | |||
| Sep 30, 2013 | = | ÷ | |||
| Sep 30, 2012 | = | ÷ | |||
| Sep 30, 2011 | = | ÷ | |||
| Sep 30, 2010 | = | ÷ | |||
| Sep 30, 2009 | = | ÷ | |||
| Sep 30, 2008 | = | ÷ | |||
| Sep 30, 2007 | = | ÷ | |||
| Sep 30, 2006 | = | ÷ | |||
| Sep 30, 2005 | = | ÷ |
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
The analysis of the financial data over the period indicates a consistent upward trend in revenue, with the company demonstrating substantial growth. Revenue increased from approximately $54.6 billion in 2005 to $238.6 billion in 2022, reflecting significant expansion in business operations and market reach.
Total assets also displayed a general upward trajectory, growing from nearly $11.4 billion in 2005 to around $56.6 billion in 2022. There was a notable increase in assets beginning in 2012, indicating possible capital investments or acquisitions contributing to the asset base expansion.
The total asset turnover ratio, which measures the efficiency of asset utilization in generating revenue, showed some volatility. Starting at 4.8 in 2005, the ratio peaked at 5.74 in 2008, suggesting improved asset efficiency during this period. However, post-2008, the ratio experienced a gradual decline, reaching a low of 3.73 in 2021 before recovering slightly to 4.22 in 2022. This decline implies that asset growth may have outpaced revenue growth in certain years, leading to reduced efficiency in asset use. The slight recovery in 2022 indicates some improvement in operational efficiency.
- Revenue Trends
- - Steady and significant increase from $54.6 billion (2005) to $238.6 billion (2022).
- - Notable acceleration in growth after 2013, suggesting expansion or diversification.
- Total Assets Trends
- - Increase from $11.4 billion (2005) to $56.6 billion (2022).
- - Sharp asset growth post-2012, indicating possible strategic investments.
- Total Asset Turnover Ratio
- - Fluctuated with a high of 5.74 (2008) and a low of 3.73 (2021).
- - Declining trend post-2008, suggesting asset accumulation outpacing revenue growth.
- - Improvement noted in 2022 (4.22), pointing to enhanced asset utilization efficiency.
Overall, the company appears to have achieved substantial growth in both revenue and asset size over the analyzed period. However, the varying total asset turnover ratio suggests that while revenue expansion has been strong, efficiency in utilizing assets has experienced periods of decline, highlighting areas potentially requiring management attention to optimize asset use going forward.
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 | ||||||
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| Sep 30, 2005 |
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 | ||
| Sep 30, 2021 | ||
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
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| Sep 30, 2011 | ||
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| Sep 30, 2009 | ||
| Sep 30, 2008 | ||
| Sep 30, 2007 | ||
| Sep 30, 2006 | ||
| Sep 30, 2005 |
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 | ||
| Sep 30, 2021 | ||
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| Sep 30, 2019 | ||
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| Sep 30, 2006 | ||
| Sep 30, 2005 |
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).