Agilent Technologies Inc (A)
Total asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,700,000 | 6,806,000 | 6,912,000 | 6,975,000 | 6,872,000 | 6,783,000 | 6,604,000 | 6,458,000 | 6,377,000 | 6,248,000 | 6,057,000 | 5,738,000 | 5,454,000 | 5,271,000 | 5,138,000 | 5,148,000 | 5,148,000 | 5,073,000 | 4,928,000 | 4,859,000 |
| Total assets | US$ in thousands | 10,948,000 | 10,763,000 | 10,675,000 | 10,792,000 | 10,919,000 | 10,532,000 | 10,484,000 | 10,455,000 | 10,327,000 | 10,705,000 | 10,491,000 | 10,398,000 | 9,674,000 | 9,627,000 | 9,546,000 | 9,455,000 | 9,501,000 | 9,452,000 | 8,625,000 | 9,022,000 |
| Total asset turnover | 0.61 | 0.63 | 0.65 | 0.65 | 0.63 | 0.64 | 0.63 | 0.62 | 0.62 | 0.58 | 0.58 | 0.55 | 0.56 | 0.55 | 0.54 | 0.54 | 0.54 | 0.54 | 0.57 | 0.54 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,700,000K ÷ $10,948,000K
= 0.61
Agilent Technologies Inc.'s total asset turnover has been relatively stable over the past eight quarters, ranging between 0.62 and 0.66. This ratio indicates the company's efficiency in generating sales revenue from its assets. A total asset turnover of less than 1 suggests that Agilent is not utilizing its assets as effectively as it could be to generate sales. However, the consistent levels of total asset turnover show that Agilent has maintained a fairly consistent level of efficiency in this aspect.
The slight fluctuations in the total asset turnover ratio suggest that Agilent has been able to effectively manage its assets to generate revenue, although there may be room for improvement. Overall, the stability of the total asset turnover ratio indicates a level of operational efficiency in utilizing assets to generate revenue across the analyzed period.
Peer comparison
Jan 31, 2024