Smiths Group (STU:QS2A) Asset Turnover : 0.38 (As of Jan. 2025)

Smiths Group Asset Turnover Chart

Smiths Group Annual Data
	Trend	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jul22	Jul23	Jul24
Asset Turnover		Get a 7-Day Free Trial					0.47	0.46	0.49	0.63	0.73

Smiths Group Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25
Asset Turnover	Get a 7-Day Free Trial															0.29	0.33	0.36	0.40	0.38

Competitive Comparison of Smiths Group's Asset Turnover

For the Specialty Industrial Machinery subindustry, Smiths Group's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Smiths Group's Asset Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smiths Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Smiths Group's Asset Turnover falls into.

Smiths Group Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Smiths Group's Asset Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Smiths Group's Asset Turnover for the quarter that ended in Jan. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Smiths Group  (STU:QS2A) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Smiths Group's annulized ROE % for the quarter that ended in Jan. 2025 is

Note: The Net Income data used here is two times the semi-annual (Jan. 2025) net income data. The Revenue data used here is two times the semi-annual (Jan. 2025) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Smiths Group's annulized ROA % for the quarter that ended in Jan. 2025 is

Note: The Net Income data used here is two times the semi-annual (Jan. 2025) net income data. The Revenue data used here is two times the semi-annual (Jan. 2025) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Smiths Group Asset Turnover Related Terms

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Smiths Group Business Description