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

Company name
Symbol
Total asset turnover
Agilent Technologies Inc
A
0.55
Cohu Inc
COHU
0.55
Itron Inc
ITRI
0.83
Teradyne Inc
TER
0.77
Veralto Corporation
VLTO
0.87