Agilent Technologies Inc (A)
Total asset turnover
Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 6,531,000 | 6,784,000 | 6,774,000 | 6,236,000 | 5,271,000 |
Total assets | US$ in thousands | 11,846,000 | 10,763,000 | 10,532,000 | 10,705,000 | 9,627,000 |
Total asset turnover | 0.55 | 0.63 | 0.64 | 0.58 | 0.55 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,531,000K ÷ $11,846,000K
= 0.55
The total asset turnover ratio indicates the company's ability to generate sales revenue from its total assets. Agilent Technologies Inc's total asset turnover has fluctuated over the past five years, ranging from 0.55 to 0.64. In 2022, the ratio peaked at 0.64, suggesting that the company efficiently utilized its assets to generate sales. However, in 2021 and 2020, the ratio was lower at 0.58 and 0.55, respectively, indicating a relatively lower efficiency in asset utilization during those years. It is important for Agilent Technologies Inc to monitor and improve its total asset turnover to enhance operational efficiency and profitability.
Peer comparison
Oct 31, 2024