Total Asset Turnover
since 2005
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Medtronic PLC pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
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Calculation
Medtronic PLC, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Apr 25, 2025 | = | ÷ | |||
| Apr 26, 2024 | = | ÷ | |||
| Apr 28, 2023 | = | ÷ | |||
| Apr 29, 2022 | = | ÷ | |||
| Apr 30, 2021 | = | ÷ | |||
| Apr 24, 2020 | = | ÷ | |||
| Apr 26, 2019 | = | ÷ | |||
| Apr 27, 2018 | = | ÷ | |||
| Apr 28, 2017 | = | ÷ | |||
| Apr 29, 2016 | = | ÷ | |||
| Apr 24, 2015 | = | ÷ | |||
| Apr 25, 2014 | = | ÷ | |||
| Apr 26, 2013 | = | ÷ | |||
| Apr 27, 2012 | = | ÷ | |||
| Apr 29, 2011 | = | ÷ | |||
| Apr 30, 2010 | = | ÷ | |||
| Apr 24, 2009 | = | ÷ | |||
| Apr 25, 2008 | = | ÷ | |||
| Apr 27, 2007 | = | ÷ | |||
| Apr 28, 2006 | = | ÷ | |||
| Apr 29, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
1 US$ in millions
- Net Sales
- Net sales demonstrated a generally positive and steady upward trajectory over the period analyzed. Starting at 10,055 million USD in 2005, sales increased consistently almost every year, reaching 33,537 million USD by 2025. There was steady growth particularly noticeable between 2010 and 2016, where sales rose from 15,817 million USD to 28,833 million USD. Following this period, sales stabilized somewhat with moderate increases and minor fluctuations, reflecting resilience and sustained revenue generation capacity.
- Total Assets
- Total assets exhibited notable growth from 2005 through 2011, rising from 16,617 million USD to 30,424 million USD. A sharp increase is observed in 2014 where total assets jumped significantly to 106,685 million USD, which represents an outlier compared to previous values and suggests a major acquisition, revaluation, or other significant financial event. After this peak, total assets decreased and stabilized around the 90,000 million USD range in subsequent years. This stabilization implies a restructuring or consolidation phase post the asset surge.
- Total Asset Turnover
- Total asset turnover began at 0.61 in 2005 and showed a gradual decline over the following years, reaching a low point of 0.19 in 2014, which coincides with the large increase in total assets. This decline indicates that asset efficiency diminished during this period, likely due to the rapid expansion in asset base not immediately translating into proportionate sales increases. After 2014, asset turnover recovered modestly to around 0.37 by 2025, showing an improvement in utilizing assets to generate sales but not returning to the higher efficiency levels seen before the significant asset increase.
- Overall Insights
- The data reflects a steady expansion in market presence and sales volume over two decades. The sharp increase in total assets in 2014 followed by a drop and stabilization suggests a strategic acquisition or large capital investment with a lag in efficiency gains. This is confirmed by the asset turnover ratio, which fell significantly post-2013 and partially recovered thereafter. The company appears to be managing a larger asset base more efficiently over time but has not fully regained earlier asset turnover performance, implying ongoing integration or operational challenges related to asset utilization.
Comparison to Competitors
Medtronic PLC, total asset turnover, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Apr 25, 2025 | ||||||
| Apr 26, 2024 | ||||||
| Apr 28, 2023 | ||||||
| Apr 29, 2022 | ||||||
| Apr 30, 2021 | ||||||
| Apr 24, 2020 | ||||||
| Apr 26, 2019 | ||||||
| Apr 27, 2018 | ||||||
| Apr 28, 2017 | ||||||
| Apr 29, 2016 | ||||||
| Apr 24, 2015 | ||||||
| Apr 25, 2014 | ||||||
| Apr 26, 2013 | ||||||
| Apr 27, 2012 | ||||||
| Apr 29, 2011 | ||||||
| Apr 30, 2010 | ||||||
| Apr 24, 2009 | ||||||
| Apr 25, 2008 | ||||||
| Apr 27, 2007 | ||||||
| Apr 28, 2006 | ||||||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Sector (Health Care Equipment & Services)
Medtronic PLC, total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| Medtronic PLC | Health Care Equipment & Services | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Industry (Health Care)
Medtronic PLC, total asset turnover, long-term trends, comparison to industry (health care)
| Medtronic PLC | Health Care | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).