Aecom Technology Corporation (ACM)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,105,490 | 15,837,340 | 15,349,640 | 14,895,980 | 14,378,420 | 13,962,180 | 13,540,330 | 13,263,820 | 13,148,180 | 13,075,880 | 13,242,580 | 13,294,420 | 13,340,900 | 13,556,100 | 13,337,400 | 13,317,600 | 13,240,000 | 13,184,400 | 13,354,900 | 13,521,800 |
| Total assets | US$ in thousands | 12,061,700 | 12,046,600 | 11,457,400 | 11,389,900 | 11,233,400 | 11,426,400 | 11,386,500 | 11,405,700 | 11,139,300 | 11,248,300 | 11,196,100 | 11,443,000 | 11,734,000 | 11,963,100 | 11,983,800 | 12,504,600 | 12,999,000 | 13,045,100 | 13,115,300 | 15,229,400 |
| Total asset turnover | 1.34 | 1.31 | 1.34 | 1.31 | 1.28 | 1.22 | 1.19 | 1.16 | 1.18 | 1.16 | 1.18 | 1.16 | 1.14 | 1.13 | 1.11 | 1.07 | 1.02 | 1.01 | 1.02 | 0.89 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,105,490K ÷ $12,061,700K
= 1.34
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
Analyzing Aecom Technology Corporation's total asset turnover over the past several quarters, we see a generally positive trend. The total asset turnover ratio has been increasing steadily since the end of 2019, reaching a peak of 1.34 in the most recent quarter ending September 30, 2024. This indicates that Aecom has been improving its efficiency in generating sales relative to its total assets.
The gradual improvement in total asset turnover suggests that Aecom has been effectively utilizing its assets to generate revenue. A higher total asset turnover ratio signifies that the company is maximizing the productivity of its assets, which can lead to increased profitability and shareholder value.
Overall, the trend of increasing total asset turnover for Aecom Technology Corporation reflects positively on the company's operational efficiency and management of its assets to drive revenue growth. It indicates that Aecom is making effective use of its resources to generate sales and optimize its overall performance.
Peer comparison
Sep 30, 2024