Air Products and Chemicals Inc (APD)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,100,600 | 12,104,400 | 12,152,800 | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 |
| Total assets | US$ in thousands | 39,574,600 | 36,974,300 | 35,921,700 | 34,118,200 | 32,002,500 | 30,929,500 | 29,435,400 | 28,278,300 | 27,192,600 | 27,489,000 | 27,449,700 | 27,125,300 | 26,859,200 | 26,252,100 | 26,158,900 | 26,088,100 | 25,168,500 | 24,782,100 | 19,501,200 | 19,651,600 |
| Total asset turnover | 0.31 | 0.33 | 0.34 | 0.36 | 0.39 | 0.42 | 0.45 | 0.46 | 0.47 | 0.44 | 0.41 | 0.40 | 0.38 | 0.37 | 0.35 | 0.34 | 0.35 | 0.36 | 0.46 | 0.46 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,100,600K ÷ $39,574,600K
= 0.31
The total asset turnover ratio of Air Products and Chemicals Inc has fluctuated over the past several quarters. It measures the company's efficiency in generating sales revenue from its total assets. A total asset turnover ratio of 0.31 in the most recent quarter indicates that for every dollar of assets owned by the company, it generated $0.31 in sales revenue.
The trend shows a decrease from 0.46 in the fourth quarter of 2019 to the current ratio of 0.31 in the third quarter of 2024. This decline may signify challenges in effectively utilizing the company's assets to generate revenue efficiently. It is important for the company to assess and improve its asset management strategies to enhance productivity and profitability in the future.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Total Asset Turnover (Quarterly Data)