Autoliv Inc (ALV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,390,000 | 10,475,000 | 8,842,000 | 8,230,000 | 7,447,400 |
| Total assets | US$ in thousands | 7,804,000 | 8,332,000 | 7,717,000 | 7,537,000 | 8,156,800 |
| Total asset turnover | 1.33 | 1.26 | 1.15 | 1.09 | 0.91 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,390,000K ÷ $7,804,000K
= 1.33
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its assets. Autoliv Inc's total asset turnover has shown a positive trend over the past five years. In 2020, the total asset turnover was 0.91, indicating that the company generated $0.91 in revenue for every dollar of assets.
By the end of 2024, Autoliv Inc's total asset turnover had improved to 1.33, reflecting an increase in efficiency in utilizing its assets to generate revenue. This increase suggests that the company is making better use of its assets to drive sales and grow its business.
Overall, the upward trend in total asset turnover for Autoliv Inc indicates improved operational efficiency and effectiveness in utilizing its assets to drive revenue generation over the years.
Peer comparison
Dec 31, 2024