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Zoetis ZTS Asset turnover

Asset turnover at other companies

Merck & Co. logo
Merck & Co.MRK
0.5×0.0×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
1.3×+0.2×
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
0.4×0.0×
Revvity logo
RevvityRVTY
0.2×0.0×
Tractor Supply Company logo
Tractor Supply CompanyTSCO
1.4×-0.1×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×

Other financials

Income statement

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Revenue$2.3B+2.9%
Gross profit$1.6B+2.6%
Net income$601.0M-0.2%
EPS (diluted)$1.42+6.0%

Balance sheet

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Cash & equivalents$1.9B+8.9%
Total debt$10.0B+48.0%
Total equity$3.2B-30.5%
Total assets$15.2B+7.5%

Cash flow

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Operating cash flow$401.0M-22.1%
CapEx$110.0M-38.2%
Free cash flow$291.0M-13.6%

Valuation

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Market cap$33B-32.3%
Enterprise value$41.04B-26.4%
P/E12.5×-7.1×
P/S3.5×-1.8×

Profitability

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Gross margin71.8%+0.8pp
Net margin27.8%+0.9pp
FCF margin23.5%0.0pp

Returns & leverage

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Return on equity67%+15.8pp
Debt / equity3.1×+1.6×
Current ratio3.2×+1.4×

Where this comes from

Calculated from Zoetis’s reported figures.

Based on trailing twelve months.

The official record: Zoetis’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zoetis's asset turnover?
Zoetis (ZTS) reported asset turnover of 0.7× in Q1 2026.
How has Zoetis's asset turnover changed year-over-year?
Zoetis's asset turnover decreased by 0.2% year-over-year, from 0.7× to 0.7×.
What is the long-term trend for Zoetis's asset turnover?
Over 5 years (2020 to 2025), Zoetis's asset turnover has grown at a 3.7% compound annual growth rate (CAGR), from 0.5× to 0.6×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.