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

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