AutoNation Inc (AN)

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	26,948,900	26,878,500	26,651,800	26,630,900	26,985,000	26,870,300	26,583,800	26,693,000	25,844,000	25,046,800	24,072,200	21,626,800	20,390,000	20,153,800	20,210,100	21,020,900	21,335,700	21,198,500	21,086,500	21,134,700
Total assets	US$ in thousands	11,980,000	11,241,000	11,079,500	10,360,800	10,059,700	9,415,300	9,307,500	9,357,900	8,943,600	8,140,700	8,381,000	9,267,500	9,887,200	9,569,300	9,448,500	10,552,400	10,543,300	10,451,800	10,699,500	10,914,300
Total asset turnover		2.25	2.39	2.41	2.57	2.68	2.85	2.86	2.85	2.89	3.08	2.87	2.33	2.06	2.11	2.14	1.99	2.02	2.03	1.97	1.94

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,948,900K ÷ $11,980,000K
= 2.25

Autonation Inc.'s total asset turnover has been gradually decreasing over the last eight quarters from Q1 2022 to Q4 2023. The company's total asset turnover ratio decreased from 2.85 in Q1 2022 to 2.25 in Q4 2023. This downward trend indicates that the company's ability to generate sales from its total assets has weakened over time. A declining total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to assets employed. Autonation Inc. should closely monitor and address the factors contributing to this trend to improve its operational efficiency and profitability in the future.