Total Asset Turnover
since 2005
Calculation
Abbott Laboratories, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.55 | = | 40,109) | ÷ | 73,214) |
| Dec 31, 2022 | 0.59 | = | 43,653) | ÷ | 74,438) |
| Dec 31, 2021 | 0.57 | = | 43,075) | ÷ | 75,196) |
| Dec 31, 2020 | 0.48 | = | 34,608) | ÷ | 72,548) |
| Dec 31, 2019 | 0.47 | = | 31,904) | ÷ | 67,887) |
| Dec 31, 2018 | 0.46 | = | 30,578) | ÷ | 67,173) |
| Dec 31, 2017 | 0.36 | = | 27,390) | ÷ | 76,250) |
| Dec 31, 2016 | 0.40 | = | 20,853) | ÷ | 52,666) |
| Dec 31, 2015 | 0.49 | = | 20,405) | ÷ | 41,247) |
| Dec 31, 2014 | 0.49 | = | 20,247) | ÷ | 41,275) |
| Dec 31, 2013 | 0.51 | = | 21,848) | ÷ | 42,953) |
| Dec 31, 2012 | 0.59 | = | 39,874) | ÷ | 67,235) |
| Dec 31, 2011 | 0.64 | = | 38,851) | ÷ | 60,277) |
| Dec 31, 2010 | 0.59 | = | 35,167) | ÷ | 59,462) |
| Dec 31, 2009 | 0.59 | = | 30,765) | ÷ | 52,417) |
| Dec 31, 2008 | 0.70 | = | 29,528) | ÷ | 42,419) |
| Dec 31, 2007 | 0.65 | = | 25,914) | ÷ | 39,714) |
| Dec 31, 2006 | 0.62 | = | 22,476) | ÷ | 36,178) |
| Dec 31, 2005 | 0.77 | = | 22,338) | ÷ | 29,141) |
Based on: 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 millions
Comparison to Competitors
Abbott Laboratories, total asset turnover, long-term trends, comparison to competitors
| Abbott Laboratories | Cigna Group | CVS Health Corp. | Elevance Health Inc. | Humana Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 0.55 | 1.27 | 1.43 | 1.56 | 2.24 | 0.46 | 0.34 | 1.34 |
| Dec 31, 2022 | 0.59 | 1.25 | 1.41 | 1.51 | 2.15 | 0.48 | 0.35 | 1.31 |
| Dec 31, 2021 | 0.57 | 1.11 | 1.25 | 1.41 | 1.87 | 0.42 | 0.32 | 1.34 |
| Dec 31, 2020 | 0.48 | 1.02 | 1.16 | 1.39 | 2.17 | 0.39 | 0.32 | 1.30 |
| Dec 31, 2019 | 0.47 | 0.98 | 1.15 | 1.33 | 2.21 | 0.46 | 0.34 | 1.38 |
| Dec 31, 2018 | 0.46 | 0.31 | 0.99 | 1.28 | 2.22 | 0.47 | 0.33 | 1.48 |
| Dec 31, 2017 | 0.36 | 0.66 | 1.94 | 1.26 | 1.96 | 0.54 | 0.30 | 1.44 |
| Dec 31, 2016 | 0.40 | 0.65 | 1.88 | 1.29 | 2.13 | 0.42 | 0.29 | 1.50 |
| Dec 31, 2015 | 0.49 | 0.64 | 1.64 | 1.27 | 2.18 | 0.49 | 0.19 | 1.40 |
| Dec 31, 2014 | 0.49 | 0.60 | 1.88 | 1.18 | 2.05 | 0.54 | 0.45 | 1.50 |
| Dec 31, 2013 | 0.51 | 0.57 | 1.77 | 1.18 | 1.97 | 0.57 | 0.48 | 1.49 |
| Dec 31, 2012 | 0.59 | 0.52 | 1.87 | 1.03 | 1.94 | 0.54 | 0.49 | 1.36 |
| Dec 31, 2011 | 0.64 | 0.41 | 1.66 | 1.15 | 2.06 | 0.57 | 0.52 | 1.49 |
| Dec 31, 2010 | 0.59 | 0.44 | 1.55 | 1.15 | 2.08 | 0.59 | 0.56 | 1.48 |
| Dec 31, 2009 | 0.59 | 0.41 | 1.60 | 1.17 | 2.17 | 0.58 | 0.62 | 1.47 |
| Dec 31, 2008 | 0.70 | 0.44 | 1.43 | 1.27 | 2.20 | 0.59 | 0.61 | 1.44 |
| Dec 31, 2007 | 0.65 | 0.41 | 1.39 | 1.15 | 1.94 | 0.58 | 0.63 | 1.46 |
| Dec 31, 2006 | 0.62 | 0.36 | 2.13 | 1.08 | 2.09 | 0.55 | 0.57 | 1.46 |
| Dec 31, 2005 | 0.77 | 0.34 | 2.42 | 0.87 | 2.08 | 0.45 | 0.61 | 1.08 |
Based on: 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 (Health Care Equipment & Services)
Abbott Laboratories, total asset turnover, long-term trends, comparison to sector (health care equipment & services)
| Abbott Laboratories | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 0.55 | 1.26 |
| Dec 31, 2022 | 0.59 | 1.22 |
| Dec 31, 2021 | 0.57 | 1.13 |
| Dec 31, 2020 | 0.48 | 1.08 |
| Dec 31, 2019 | 0.47 | 1.07 |
| Dec 31, 2018 | 0.46 | 0.89 |
| Dec 31, 2017 | 0.36 | 1.09 |
| Dec 31, 2016 | 0.40 | 1.12 |
| Dec 31, 2015 | 0.49 | 1.04 |
| Dec 31, 2014 | 0.49 | 1.20 |
| Dec 31, 2013 | 0.51 | 1.17 |
| Dec 31, 2012 | 0.59 | 1.09 |
| Dec 31, 2011 | 0.64 | 1.10 |
| Dec 31, 2010 | 0.59 | 1.08 |
| Dec 31, 2009 | 0.59 | 1.11 |
| Dec 31, 2008 | 0.70 | 1.12 |
| Dec 31, 2007 | 0.65 | 1.07 |
| Dec 31, 2006 | 0.62 | 1.05 |
| Dec 31, 2005 | 0.77 | 0.92 |
Based on: 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)
Abbott Laboratories, total asset turnover, long-term trends, comparison to industry (health care)
| Abbott Laboratories | Health Care | |
|---|---|---|
| Dec 31, 2023 | 0.55 | 0.80 |
| Dec 31, 2022 | 0.59 | 0.82 |
| Dec 31, 2021 | 0.57 | 0.76 |
| Dec 31, 2020 | 0.48 | 0.70 |
| Dec 31, 2019 | 0.47 | 0.71 |
| Dec 31, 2018 | 0.46 | 0.67 |
| Dec 31, 2017 | 0.36 | 0.68 |
| Dec 31, 2016 | 0.40 | 0.70 |
| Dec 31, 2015 | 0.49 | 0.67 |
| Dec 31, 2014 | 0.49 | 0.72 |
| Dec 31, 2013 | 0.51 | 0.69 |
| Dec 31, 2012 | 0.59 | 0.69 |
| Dec 31, 2011 | 0.64 | 0.70 |
| Dec 31, 2010 | 0.59 | 0.69 |
| Dec 31, 2009 | 0.59 | 0.64 |
| Dec 31, 2008 | 0.70 | 0.81 |
| Dec 31, 2007 | 0.65 | 0.77 |
| Dec 31, 2006 | 0.62 | 0.74 |
| Dec 31, 2005 | 0.77 | 0.70 |
Based on: 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).