Autoliv Inc (ALV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,353,000 | 8,838,000 | 8,201,000 | 7,352,100 | 8,465,200 |
| Total assets | US$ in thousands | 8,332,000 | 7,717,000 | 7,537,000 | 8,157,000 | 6,771,200 |
| Total asset turnover | 1.24 | 1.15 | 1.09 | 0.90 | 1.25 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,353,000K ÷ $8,332,000K
= 1.24
Autoliv Inc.'s total asset turnover has shown a fluctuating trend over the past five years. The ratio measures how efficiently the company generates revenue from its total assets. In 2023, Autoliv Inc. achieved a total asset turnover of 1.26, indicating that the company generated $1.26 in revenue for every dollar of total assets. This was an improvement compared to the previous year, where the ratio was 1.15.
The increase in total asset turnover signifies that Autoliv Inc. was able to utilize its assets more efficiently to generate sales revenue in 2023. This improvement could be attributed to better asset management practices, increased operational efficiency, or higher sales performance. Overall, a higher total asset turnover ratio reflects positively on the company's operational efficiency and ability to generate revenue from its asset base.
Peer comparison
Dec 31, 2023