Adient PLC (ADNT)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,688,000 | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 |
| Total assets | US$ in thousands | 9,351,000 | 9,424,000 | 9,158,000 | 10,778,000 | 10,261,000 |
| Total asset turnover | 1.57 | 1.63 | 1.54 | 1.27 | 1.23 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,688,000K ÷ $9,351,000K
= 1.57
The total asset turnover ratio for Adient PLC has exhibited fluctuations over the past five years, indicating varying efficiency in utilizing its assets to generate revenue. The ratio stood at 1.23 in September 2020 and has since demonstrated an increasing trend, reaching 1.63 in September 2023, before declining to 1.57 by September 2024. This ratio signifies that, on average, Adient PLC generated $1.57 in revenue for every dollar of assets held in September 2024. Despite the recent decrease, the company's ability to efficiently generate revenue from its assets has generally improved over the period under review. Further analysis may be necessary to understand the reasons behind the fluctuations and their potential implications for the company's operational performance.
Peer comparison
Sep 30, 2024