Agilent Technologies Inc (A)
Total asset turnover
Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 6,489,000 | 6,494,000 | 6,564,000 | 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 |
Total assets | US$ in thousands | 11,846,000 | 10,996,000 | 10,856,000 | 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 |
Total asset turnover | 0.55 | 0.59 | 0.60 | 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 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,489,000K ÷ $11,846,000K
= 0.55
Agilent Technologies Inc's total asset turnover ratio has shown a fluctuating trend over the past several quarters. The ratio has ranged between 0.54 and 0.65, indicating that the company generates between $0.54 and $0.65 in sales for every dollar of assets it holds.
The ratio highlights the efficiency with which Agilent is utilizing its assets to generate revenue. A lower ratio suggests that the company is not effectively utilizing its assets to generate sales, while a higher ratio indicates better asset utilization.
Overall, Agilent's total asset turnover ratio has shown some variability but generally remains within a reasonable range, pointing to a moderate level of efficiency in generating sales from its assets.
Peer comparison
Oct 31, 2024