Aptiv PLC (APTV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,713,000 | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 |
| Total assets | US$ in thousands | 23,458,000 | 24,427,000 | 21,884,000 | 18,007,000 | 17,522,000 |
| Total asset turnover | 0.84 | 0.82 | 0.80 | 0.87 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,713,000K ÷ $23,458,000K
= 0.84
Total asset turnover is a financial ratio that measures a company's ability to generate revenue in relation to its total assets. Looking at the data provided for Aptiv PLC, we observe fluctuations in the total asset turnover ratio over the past five years.
In December 2020, the total asset turnover ratio was 0.75, indicating that the company generated $0.75 in revenue for every dollar invested in assets. The ratio increased to 0.87 by December 2021, suggesting an improvement in the company's asset utilization efficiency.
However, in the subsequent years, the total asset turnover ratio fluctuated around the range of 0.80 to 0.84. This indicates that Aptiv PLC was generating revenue at a relatively consistent rate compared to its investments in assets during those years.
Overall, the trend in the total asset turnover ratio for Aptiv PLC shows some variability, with a general improvement from 2020 to 2021 followed by relative stability in the following years. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024