AutoNation Inc (AN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,765,400 | 26,948,900 | 26,985,000 | 25,844,000 | 20,390,000 |
| Total assets | US$ in thousands | 13,001,700 | 11,980,000 | 10,059,700 | 8,943,600 | 9,887,200 |
| Total asset turnover | 2.06 | 2.25 | 2.68 | 2.89 | 2.06 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $26,765,400K ÷ $13,001,700K
= 2.06
AutoNation Inc's total asset turnover ratio has shown fluctuations over the past five years. In December 2020, the ratio was 2.06, indicating that the company generated $2.06 in revenue for every dollar of assets. The ratio increased significantly to 2.89 in December 2021, suggesting improved efficiency in utilizing its assets to generate revenue. However, by December 2022, the ratio decreased to 2.68, showing a slight decline in asset turnover efficiency. In December 2023, the ratio fell further to 2.25, indicating a slower turnover of assets to generate revenue. By December 2024, the ratio returned to its initial level of 2.06, suggesting a similar asset turnover efficiency to that of 2020. Overall, the company's ability to generate revenue from its assets has shown variability over the years, with 2021 standing out as a particularly strong year for asset utilization.
Peer comparison
Dec 31, 2024