Allegion PLC (ALLE)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,772,200 | 3,724,000 | 3,674,800 | 3,621,700 | 3,650,800 | 3,614,900 | 3,610,700 | 3,471,300 | 3,271,900 | 3,119,600 | 2,922,900 | 2,896,700 | 2,867,400 | 2,885,500 | 2,896,900 | 2,739,500 | 2,719,900 | 2,712,100 | 2,732,000 | 2,873,700 |
| Total assets | US$ in thousands | 4,487,800 | 4,973,700 | 4,779,100 | 4,286,900 | 4,311,500 | 4,183,100 | 4,163,800 | 4,124,400 | 3,991,200 | 3,943,300 | 3,653,700 | 3,007,600 | 3,051,000 | 3,116,700 | 3,060,100 | 2,947,900 | 3,069,400 | 3,027,700 | 2,833,900 | 2,757,700 |
| Total asset turnover | 0.84 | 0.75 | 0.77 | 0.84 | 0.85 | 0.86 | 0.87 | 0.84 | 0.82 | 0.79 | 0.80 | 0.96 | 0.94 | 0.93 | 0.95 | 0.93 | 0.89 | 0.90 | 0.96 | 1.04 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,772,200K ÷ $4,487,800K
= 0.84
From the provided data on Allegion PLC's total asset turnover ratio:
- The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue.
- Allegion PLC's total asset turnover has fluctuated over the years, ranging from 0.75 to 1.04.
- A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
- In March 2020, the total asset turnover was 1.04, suggesting that Allegion was generating $1.04 in revenue for every dollar of assets.
- The total asset turnover ratio decreased in the following quarters but remained above 0.80 until June 2022.
- From June 2022 onwards, the total asset turnover ratio declined further, reaching 0.77 by June 2024.
- The decreasing trend in total asset turnover may indicate a potential inefficiency in asset utilization or a decline in revenue generation relative to the asset base.
- It is important for Allegion PLC to closely monitor its total asset turnover and identify opportunities to improve asset efficiency to enhance overall performance and profitability.