Stock Analysis on Net
Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

Stryker Corp., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net sales1 ÷ Total assets1
Dec 31, 2021 0.49 = 17,108 ÷ 34,631
Dec 31, 2020 0.42 = 14,351 ÷ 34,330
Dec 31, 2019 0.49 = 14,884 ÷ 30,167
Dec 31, 2018 0.50 = 13,601 ÷ 27,229
Dec 31, 2017 0.56 = 12,444 ÷ 22,197
Dec 31, 2016 0.55 = 11,325 ÷ 20,435
Dec 31, 2015 0.61 = 9,946 ÷ 16,247
Dec 31, 2014 0.55 = 9,675 ÷ 17,713
Dec 31, 2013 0.57 = 9,021 ÷ 15,743
Dec 31, 2012 0.66 = 8,657 ÷ 13,206
Dec 31, 2011 0.67 = 8,307 ÷ 12,405
Dec 31, 2010 0.67 = 7,320 ÷ 10,895
Dec 31, 2009 0.74 = 6,723 ÷ 9,071
Dec 31, 2008 0.88 = 6,718 ÷ 7,603
Dec 31, 2007 0.82 = 6,001 ÷ 7,354
Dec 31, 2006 0.92 = 5,406 ÷ 5,874
Dec 31, 2005 0.99 = 4,872 ÷ 4,944

Based on: 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 millions

Net Sales
Net sales demonstrate a consistent upward trend over the observed period, increasing from $4,872 million in 2005 to $17,108 million in 2021. The growth is steady throughout, with particularly notable increases between 2015 and 2019. A slight decline is observed in 2020, likely influenced by external factors during that year, followed by a strong recovery in 2021.
Total Assets
Total assets also show a continuous growth pattern, rising from $4,944 million in 2005 to $34,631 million in 2021. The accumulation of assets appears steady, with especially accelerated growth from 2014 onward, indicating substantial investment or acquisition activity in these later years.
Total Asset Turnover
The total asset turnover ratio exhibits a clear declining trend over the period, starting at 0.99 in 2005 and decreasing to 0.49 by 2021. This decline suggests that despite growing sales and assets, the efficiency in generating sales from assets has diminished. The ratio experienced a sharp drop between 2005 and 2010 and has remained relatively low with minor fluctuations thereafter.

Comparison to Competitors

Stryker Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Stryker Corp. Abbott Laboratories Elevance Health Inc. Intuitive Surgical Inc. Medtronic PLC UnitedHealth Group Inc.
Dec 31, 2021 0.49 0.57 1.41 0.42 0.32 1.34
Dec 31, 2020 0.42 0.48 1.39 0.39 0.32 1.30
Dec 31, 2019 0.49 0.47 1.33 0.46 0.34 1.38
Dec 31, 2018 0.50 0.46 1.28 0.47 0.33 1.48
Dec 31, 2017 0.56 0.36 1.26 0.54 0.30 1.44
Dec 31, 2016 0.55 0.40 1.29 0.42 0.29 1.50
Dec 31, 2015 0.61 0.49 1.27 0.49 0.19 1.40
Dec 31, 2014 0.55 0.49 1.18 0.54 0.45 1.50
Dec 31, 2013 0.57 0.51 1.18 0.57 0.48 1.49
Dec 31, 2012 0.66 0.59 1.03 0.54 0.49 1.36
Dec 31, 2011 0.67 0.64 1.15 0.57 0.52 1.49
Dec 31, 2010 0.67 0.59 1.15 0.59 0.56 1.48
Dec 31, 2009 0.74 0.59 1.17 0.58 0.62 1.47
Dec 31, 2008 0.88 0.70 1.27 0.59 0.61 1.44
Dec 31, 2007 0.82 0.65 1.15 0.58 0.63 1.46
Dec 31, 2006 0.92 0.62 1.08 0.55 0.57 1.46
Dec 31, 2005 0.99 0.77 0.87 0.45 0.61 1.08

Based on: 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 (Health Care Equipment & Services)

Stryker Corp., total asset turnover, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
Stryker Corp. Health Care Equipment & Services
Dec 31, 2021 0.49 1.02
Dec 31, 2020 0.42 0.97
Dec 31, 2019 0.49 0.98
Dec 31, 2018 0.50 0.98
Dec 31, 2017 0.56 0.89
Dec 31, 2016 0.55 0.92
Dec 31, 2015 0.61 0.85
Dec 31, 2014 0.55 1.05
Dec 31, 2013 0.57 1.04
Dec 31, 2012 0.66 0.94
Dec 31, 2011 0.67 1.02
Dec 31, 2010 0.67 1.00
Dec 31, 2009 0.74 1.03
Dec 31, 2008 0.88 1.09
Dec 31, 2007 0.82 1.06
Dec 31, 2006 0.92 1.03
Dec 31, 2005 0.99 0.88

Based on: 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)

Stryker Corp., total asset turnover, long-term trends, comparison to industry (health care)

Microsoft Excel
Stryker Corp. Health Care
Dec 31, 2021 0.49 0.62
Dec 31, 2020 0.42 0.57
Dec 31, 2019 0.49 0.57
Dec 31, 2018 0.50 0.63
Dec 31, 2017 0.56 0.56
Dec 31, 2016 0.55 0.57
Dec 31, 2015 0.61 0.55
Dec 31, 2014 0.55 0.60
Dec 31, 2013 0.57 0.58
Dec 31, 2012 0.66 0.58
Dec 31, 2011 0.67 0.61
Dec 31, 2010 0.67 0.61
Dec 31, 2009 0.74 0.55
Dec 31, 2008 0.88 0.73
Dec 31, 2007 0.82 0.71
Dec 31, 2006 0.92 0.69
Dec 31, 2005 0.99 0.66

Based on: 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).