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Novartis Ag  (NVS)
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Novartis Ag Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Novartis Ag's asset turnover ratio, the ratio that measures the ability of Novartis Ag's assets to generate revenue, sequentially decreased to 0.47 in the fourth quarter (Dec 31 2023), which does not come as a surprise, as the Novartis Ag continue to experience difficult business climate.

Within sector 41 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Forth Quarter 2023 compared to the preceding quarter from 550 to 1273.


What is Asset Turnover Ratio?
What is Novartis Ag Market Share?


NVS Asset Turnover Ratio (Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Asset Change -14.91 % -14.91 % -14.91 % -14.91 % -10.88 %
Y / Y Revenue Change -9.97 % - - - -1.98 %
Asset Turnover Ratio (TTM) 0.47 - - - 0.44
NVS's Total Ranking # 1273 # 550 # 0 # 1469 # 2620
Seq. Asset Change 0 % 0 % 0 % -14.91 % 0 %
Seq. Revenue Change - - - - -



Asset Turnover Ratio Company Ranking
Within: No.
Major Pharmaceutical Preparations Industry # 42
Healthcare Sector # 143
Overall Market # 1273

Asset Turnover Ratio Statistics
High Average Low
5.65 3.99 3.07
(Dec 31 2022)   (Dec 31 2020)







Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Healthcare Sector Asset Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Assets at quarter ending Dec 31 2023
Medpace Holdings Inc   1.27 $ 1,885.842  Millions$ 1,486.553  Millions
Viemed Healthcare Inc   1.27 $ 183.008  Millions$ 144.512  Millions
Idexx Laboratories Inc  1.22 $ 3,659.970  Millions$ 3,006.383  Millions
Nephros Inc   1.22 $ 13.405  Millions$ 11.023  Millions
Evolus Inc   1.18 $ 202.085  Millions$ 171.547  Millions
Warby Parker Inc   1.18 $ 669.224  Millions$ 568.695  Millions
Cadre Holdings Inc   1.17 $ 481.726  Millions$ 410.145  Millions
National Research Corporation  1.16 $ 148.580  Millions$ 127.627  Millions
Electromed Inc   1.15 $ 51.693  Millions$ 44.919  Millions
Dynatronics Corporation  1.15 $ 35.743  Millions$ 31.174  Millions
Irhythm Technologies Inc   1.14 $ 491.806  Millions$ 431.026  Millions
Mettler toledo International Inc   1.13 $ 3,788.309  Millions$ 3,356.147  Millions
Amedisys Inc   1.12 $ 2,236.382  Millions$ 2,004.237  Millions
Eton Pharmaceuticals Inc   1.05 $ 31.061  Millions$ 29.532  Millions
Theratechnologies Inc   1.05 $ 81.764  Millions$ 77.769  Millions
The Pennant Group Inc   1.05 $ 544.891  Millions$ 520.894  Millions
Precision Optics Corporation Inc   1.03 $ 19.218  Millions$ 18.673  Millions
Phibro Animal Health Corporation  1.01 $ 980.412  Millions$ 968.515  Millions
Ufp Technologies Inc   1.00 $ 399.225  Millions$ 398.180  Millions
Prosomnus Inc   1.00 $ 27.652  Millions$ 27.620  Millions
Inspire Medical Systems inc   1.00 $ 624.223  Millions$ 626.600  Millions
Adm Tronics Unlimited Inc   0.99 $ 2.845  Millions$ 2.864  Millions
Tactile Systems Technology Inc   0.98 $ 274.133  Millions$ 280.994  Millions
Pro dex Inc   0.97 $ 48.244  Millions$ 49.953  Millions
Airsculpt Technologies Inc   0.94 $ 195.917  Millions$ 208.737  Millions
National Vision Holdings Inc   0.94 $ 2,126.468  Millions$ 2,271.310  Millions
Alpha Pro Tech Ltd   0.93 $ 60.829  Millions$ 65.443  Millions
Ensign Group Inc  0.93 $ 3,729.355  Millions$ 4,018.529  Millions
Catalyst Pharmaceuticals Inc   0.92 $ 398.204  Millions$ 433.612  Millions
Embecta Corp   0.92 $ 1,121.100  Millions$ 1,223.575  Millions

Date modified: 2024-01-31T16:16:07+00:00



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