Total Asset Turnover
since 2005
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Medtronic PLC pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Medtronic PLC, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Apr 24, 2026 | = | ÷ | |||
| 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: 2026-04-24), 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 exhibited a consistent upward trajectory over the analyzed period, growing from 10,055 million US dollars in 2005 to a projected 36,364 million US dollars by 2026. This revenue growth was punctuated by a significant acceleration between 2014 and 2016. Conversely, the total asset base remained relatively proportional to sales until 2015, when a substantial increase occurred, with assets rising from 37,943 million US dollars to 106,685 million US dollars. This structural expansion caused a sharp divergence in the efficiency of asset utilization.
- Asset Turnover Stability and Decline (2005–2014)
- During the initial decade, the total asset turnover ratio remained relatively stable, fluctuating between 0.63 and 0.45. A gradual downward trend emerged after 2007, suggesting that asset growth began to slightly outpace revenue growth during this period.
- Structural Shift and Efficiency Trough (2015)
- A significant contraction in asset turnover is observed in 2015, where the ratio fell to its lowest point of 0.19. This decline corresponds directly with the abrupt expansion of the total asset base, indicating that the newly acquired or added assets did not immediately generate proportional increases in net sales.
- Recovery and Optimization Phase (2016–2026)
- From 2016 onward, a steady recovery in asset turnover is evident. The ratio improved from 0.29 in 2016 to a projected 0.39 by 2026. This upward trend suggests a progressive optimization of the expanded asset base and an increasing ability to generate sales from the larger capital investment.
Comparison to Competitors
Medtronic PLC, total asset turnover, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|
| Apr 24, 2026 | |||||
| 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: 2026-04-24), 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 24, 2026 | ||
| 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: 2026-04-24), 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 24, 2026 | ||
| 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: 2026-04-24), 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).