Aptiv PLC (APTV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 | 14,357,000 |
| Total assets | US$ in thousands | 24,427,000 | 21,884,000 | 18,007,000 | 17,522,000 | 13,459,000 |
| Total asset turnover | 0.82 | 0.80 | 0.87 | 0.75 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,051,000K ÷ $24,427,000K
= 0.82
The total asset turnover ratio for Aptiv PLC has fluctuated over the past five years. The ratio measures the company's ability to generate revenue from its total assets. In 2023, the total asset turnover ratio was 0.82, indicating that the company generated $0.82 in revenue for every $1 of total assets.
Compared to the previous year, the total asset turnover ratio increased slightly from 0.80 in 2022 to 0.82 in 2023. This improvement suggests that Aptiv PLC was more efficient in using its assets to generate revenue in 2023.
Looking back at the trend, the total asset turnover ratio was at its highest in 2019 at 1.07, indicating that the company was very efficient in utilizing its assets to generate revenue that year. However, there was a decline in the ratio in 2020 and 2021, which may have been due to various factors impacting the company's operations.
Overall, the total asset turnover ratio for Aptiv PLC has shown variability over the years, and it is important for the company to continue monitoring and managing its asset utilization to ensure efficiency in generating revenue.
Peer comparison
Dec 31, 2023