Aecom Technology Corporation (ACM)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 13,642,500 | 15,434,900 | 17,222,700 |
| Total assets | US$ in thousands | 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 | 14,550,900 | 14,795,200 | 14,737,000 |
| Total asset turnover | 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 | 0.94 | 1.04 | 1.17 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,895,980K ÷ $11,389,900K
= 1.31
The total asset turnover ratio for AECOM has been relatively stable over the past eight quarters, ranging from 1.16 to 1.31. This ratio indicates that, on average, AECOM generates around $1.16 to $1.31 in revenue for every dollar of assets it owns. A higher total asset turnover ratio is generally preferable, as it suggests that the company is efficiently utilizing its assets to generate sales.
The incremental improvement in the total asset turnover ratio from Q2 2023 to Q1 2024 may indicate that AECOM has become more effective in utilizing its assets to generate revenue during this period. However, it would be important to further analyze the reasons behind this improvement to determine if it is sustainable or a temporary trend.
Overall, a stable total asset turnover ratio reflects a consistent operational efficiency in generating sales relative to the level of assets held by AECOM.
Peer comparison
Dec 31, 2023