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.

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Stryker Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net fixed asset turnover 6.24 6.04 6.07 5.93 5.43 5.21 5.62 5.57 5.74 5.80 5.91 5.95 6.04 5.94 6.10 6.21 6.20 6.30
Total asset turnover 0.48 0.49 0.49 0.48 0.44 0.42 0.44 0.45 0.51 0.49 0.55 0.54 0.53 0.50 0.60 0.60 0.58 0.56
Equity turnover 1.16 1.15 1.18 1.18 1.09 1.10 1.10 1.10 1.14 1.16 1.18 1.19 1.19 1.16 1.35 1.38 1.38 1.25

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Stryker Corp. net fixed asset turnover ratio deteriorated from Q3 2021 to Q4 2021 but then improved from Q4 2021 to Q1 2022 exceeding Q3 2021 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Stryker Corp. total asset turnover ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Stryker Corp. equity turnover ratio deteriorated from Q3 2021 to Q4 2021 but then slightly improved from Q4 2021 to Q1 2022.

Net Fixed Asset Turnover

Stryker Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net sales 4,275 4,701 4,160 4,294 3,953 4,262 3,737 2,764 3,588 4,131 3,587 3,650 3,516 3,796 3,242 3,322 3,241 3,471 3,006 3,012 2,955
Property, plant and equipment, net 2,793 2,833 2,746 2,738 2,710 2,752 2,529 2,527 2,607 2,567 2,460 2,387 2,297 2,291 2,178 2,101 2,054 1,975 1,852 1,758 1,655
Long-term Activity Ratio
Net fixed asset turnover1 6.24 6.04 6.07 5.93 5.43 5.21 5.62 5.57 5.74 5.80 5.91 5.95 6.04 5.94 6.10 6.21 6.20 6.30
Benchmarks
Net Fixed Asset Turnover, Competitors2
Abbott Laboratories 5.00 4.81 4.79 4.56 4.23 3.83 3.74 3.77 4.06 3.97
Cigna Group 47.95 46.73 41.42 40.56 39.29 37.85 37.05 36.02 35.37 34.45
CVS Health Corp. 23.26 22.56 22.24 21.90 21.42 21.25 21.48 21.52 21.49 21.24
Elevance Health Inc. 35.81 34.94 34.54 34.17 34.94 34.69 34.61 32.74 32.30 32.92
Humana Inc. 27.05 26.97 27.83 29.47 31.04 32.05 32.90 33.07 33.20 32.93
Intuitive Surgical Inc. 3.00 3.04 3.16 3.13 2.86 2.76 2.85 3.00 3.36 3.52
Medtronic PLC 6.12 5.77 5.56 5.64 5.72 5.99 6.52 6.50 6.51 6.54
UnitedHealth Group Inc. 32.16 31.81 31.77 30.94 30.76 29.64 30.80 30.30 29.91 27.60

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Net fixed asset turnover = (Net salesQ1 2022 + Net salesQ4 2021 + Net salesQ3 2021 + Net salesQ2 2021) ÷ Property, plant and equipment, net
= (4,275 + 4,701 + 4,160 + 4,294) ÷ 2,793 = 6.24

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Stryker Corp. net fixed asset turnover ratio deteriorated from Q3 2021 to Q4 2021 but then improved from Q4 2021 to Q1 2022 exceeding Q3 2021 level.

Total Asset Turnover

Stryker Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net sales 4,275 4,701 4,160 4,294 3,953 4,262 3,737 2,764 3,588 4,131 3,587 3,650 3,516 3,796 3,242 3,322 3,241 3,471 3,006 3,012 2,955
Total assets 36,137 34,631 34,145 33,698 33,455 34,330 32,286 31,483 29,440 30,167 26,659 26,354 25,937 27,229 22,084 21,570 22,133 22,197 21,485 21,292 20,517
Long-term Activity Ratio
Total asset turnover1 0.48 0.49 0.49 0.48 0.44 0.42 0.44 0.45 0.51 0.49 0.55 0.54 0.53 0.50 0.60 0.60 0.58 0.56
Benchmarks
Total Asset Turnover, Competitors2
Abbott Laboratories 0.60 0.57 0.57 0.55 0.51 0.48 0.47 0.46 0.48 0.47
Cigna Group 1.15 1.11 1.09 1.07 1.06 1.02 0.97 0.96 0.99 0.98
CVS Health Corp. 1.28 1.25 1.21 1.20 1.18 1.16 1.14 1.12 1.13 1.15
Elevance Health Inc. 1.42 1.41 1.35 1.33 1.29 1.39 1.34 1.28 1.31 1.33
Humana Inc. 1.86 1.87 1.78 2.08 2.08 2.17 1.90 1.82 1.94 2.21
Intuitive Surgical Inc. 0.43 0.42 0.42 0.42 0.39 0.39 0.41 0.43 0.47 0.46
Medtronic PLC 0.34 0.32 0.29 0.29 0.30 0.32 0.33 0.34 0.34 0.34
UnitedHealth Group Inc. 1.33 1.34 1.30 1.29 1.27 1.30 1.31 1.28 1.29 1.38

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Total asset turnover = (Net salesQ1 2022 + Net salesQ4 2021 + Net salesQ3 2021 + Net salesQ2 2021) ÷ Total assets
= (4,275 + 4,701 + 4,160 + 4,294) ÷ 36,137 = 0.48

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Stryker Corp. total asset turnover ratio improved from Q3 2021 to Q4 2021 but then deteriorated significantly from Q4 2021 to Q1 2022.

Equity Turnover

Stryker Corp., equity turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net sales 4,275 4,701 4,160 4,294 3,953 4,262 3,737 2,764 3,588 4,131 3,587 3,650 3,516 3,796 3,242 3,322 3,241 3,471 3,006 3,012 2,955
Total Stryker shareholders’ equity 15,046 14,877 14,178 13,820 13,502 13,084 12,986 12,754 13,115 12,807 12,315 11,943 11,693 11,730 9,860 9,460 9,214 9,966 10,425 10,035 9,704
Long-term Activity Ratio
Equity turnover1 1.16 1.15 1.18 1.18 1.09 1.10 1.10 1.10 1.14 1.16 1.18 1.19 1.19 1.16 1.35 1.38 1.38 1.25
Benchmarks
Equity Turnover, Competitors2
Abbott Laboratories 1.26 1.20 1.23 1.19 1.11 1.06 1.03 1.03 1.06 1.03
Cigna Group 3.81 3.66 3.56 3.40 3.36 3.16 3.24 3.24 3.39 3.36
CVS Health Corp. 4.05 3.87 3.82 3.79 3.81 3.86 3.86 3.87 4.01 4.00
Elevance Health Inc. 3.97 3.80 3.71 3.65 3.65 3.64 3.43 3.26 3.41 3.25
Humana Inc. 5.63 5.15 4.96 5.34 5.48 5.54 4.65 4.86 5.44 5.35
Intuitive Surgical Inc. 0.49 0.48 0.48 0.48 0.45 0.45 0.47 0.50 0.54 0.54
Medtronic PLC 0.61 0.59 0.55 0.56 0.56 0.57 0.60 0.61 0.61 0.61
UnitedHealth Group Inc. 4.06 3.98 3.95 3.92 3.94 3.90 3.85 3.87 4.29 4.17

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Equity turnover = (Net salesQ1 2022 + Net salesQ4 2021 + Net salesQ3 2021 + Net salesQ2 2021) ÷ Total Stryker shareholders’ equity
= (4,275 + 4,701 + 4,160 + 4,294) ÷ 15,046 = 1.16

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Stryker Corp. equity turnover ratio deteriorated from Q3 2021 to Q4 2021 but then slightly improved from Q4 2021 to Q1 2022.