Autoliv Inc (ALV)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,368,000 | 9,932,000 | 9,663,000 | 9,121,000 | 8,838,000 | 8,682,000 | 8,228,000 | 8,166,000 | 8,201,000 | 8,581,800 | 8,764,800 | 7,790,600 | 7,394,100 | 7,068,500 | 7,064,100 | 8,169,500 | 8,496,000 | 8,497,600 | 8,500,100 | 8,560,700 |
| Total assets | US$ in thousands | 8,332,000 | 7,987,000 | 7,959,000 | 8,185,000 | 7,717,000 | 7,334,000 | 7,030,000 | 7,769,000 | 7,537,000 | 7,511,000 | 7,636,000 | 8,210,000 | 8,157,000 | 7,833,400 | 7,174,500 | 6,973,900 | 6,771,200 | 6,589,500 | 6,785,500 | 6,772,600 |
| Total asset turnover | 1.24 | 1.24 | 1.21 | 1.11 | 1.15 | 1.18 | 1.17 | 1.05 | 1.09 | 1.14 | 1.15 | 0.95 | 0.91 | 0.90 | 0.98 | 1.17 | 1.25 | 1.29 | 1.25 | 1.26 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,368,000K ÷ $8,332,000K
= 1.24
Autoliv Inc.'s total asset turnover ratio measures the efficiency with which the company utilizes its assets to generate revenue. The trend indicates that the company has maintained relatively stable total asset turnover in recent quarters. The ratios have been consistently above 1, which suggests that Autoliv is generating more revenue per dollar of assets invested.
The highest total asset turnover of 1.26 was achieved in both Q4 2023 and Q3 2023, indicating that Autoliv efficiently generated revenue relative to its total assets during these periods. The company experienced a slight dip to 1.23 in Q2 2023, but overall, the ratios have been relatively consistent around the 1.20 range.
The sharp increase in Q1 2023 compared to the previous quarter may indicate an improvement in the company's asset utilization efficiency during that period. However, it is essential to investigate the company's operational activities and asset management practices to better understand the factors driving these fluctuations in total asset turnover ratios.
Overall, the consistently high total asset turnover ratios of Autoliv Inc. suggest effective asset management and revenue generation capabilities. However, further analysis and comparison with industry benchmarks would provide more insights into the company's overall operational efficiency.
Peer comparison
Dec 31, 2023