Adient PLC (ADNT)

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	14,688,000	14,855,000	15,194,000	15,356,000	15,395,000	15,316,000	14,746,000	14,340,000	14,121,000	13,242,000	12,999,000	13,312,000	13,680,000	14,506,000	12,890,000	12,582,000	12,670,000	12,994,000	15,587,000	16,304,000
Total assets	US$ in thousands	9,351,000	9,095,000	9,278,000	9,297,000	9,424,000	9,482,000	9,479,000	9,273,000	9,158,000	9,315,000	9,854,000	10,719,000	10,778,000	9,804,000	9,975,000	10,544,000	10,261,000	9,619,000	10,646,000	10,364,000
Total asset turnover		1.57	1.63	1.64	1.65	1.63	1.62	1.56	1.55	1.54	1.42	1.32	1.24	1.27	1.48	1.29	1.19	1.23	1.35	1.46	1.57

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,688,000K ÷ $9,351,000K
= 1.57

Total asset turnover measures a company's efficiency in generating sales revenue from its assets. Adient PLC's total asset turnover has ranged from 1.19 to 1.65 over the past 20 quarters. The ratio peaked at 1.65 in the quarter ending December 31, 2023, indicating that Adient generated $1.65 in sales for every dollar invested in assets during that period.

Overall, Adient's total asset turnover has shown fluctuation but generally remained above 1.0, suggesting effective asset utilization to drive revenue generation. The company's ability to generate revenue from its assets has varied over time, potentially influenced by changes in operational efficiency, sales performance, and asset management strategies. Tracking total asset turnover can help assess Adient's operational effectiveness and efficiency in utilizing its resources to drive sales.