Stock Analysis on Net

Eli Lilly & Co. (NYSE:LLY)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Eli Lilly & Co., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The analysis of the financial data reveals several notable trends and patterns over the years under consideration.

Revenue
Revenue exhibited an overall increasing trend with fluctuations. Starting at approximately 14.6 billion USD in 2005, revenue generally grew, peaking around 28.3 billion USD in 2021 before a slight plateau in 2022. A significant surge occurred between 2023 and 2024, with revenue jumping from roughly 34.1 billion USD to 45.0 billion USD, indicating accelerated growth in the most recent year.
Total assets
Total assets increased from about 24.6 billion USD in 2005 to 78.7 billion USD in 2024, showing continuous growth despite some intermediate fluctuations. Notably, there was a decline around 2009 and 2015, followed by a recovery and substantial growth afterwards. The asset base more than tripled over the examined period, reflecting ongoing investments or acquisitions expanding the asset portfolio.
Total asset turnover ratio
The total asset turnover ratio, which measures the efficiency of asset use to generate revenue, fluctuated within a narrow range between 0.5 and 0.8 over the period. Starting at 0.6 in 2005, the ratio reached a high of 0.8 in 2009, indicating relatively efficient asset utilization at that time. However, this ratio generally declined thereafter, stabilizing between 0.5 and 0.6 in recent years, suggesting moderate and consistent efficiency in asset use despite growth in assets and revenue.

In summary, the financial data reflects strong revenue growth accompanied by a substantial increase in total assets. The asset turnover ratio indicates that while the company expanded its asset base significantly, the efficiency with which those assets generate revenue remained relatively stable but slightly lower compared to earlier periods. The recent acceleration in revenue growth alongside a growing asset base may imply strategic initiatives or market factors contributing to enhanced business scale and capacity.


Comparison to Competitors

Eli Lilly & Co., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Eli Lilly & Co., total asset turnover, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)