Aptiv PLC (APTV)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,713,000 | 19,725,000 | 19,985,000 | 20,134,000 | 20,051,000 | 19,772,000 | 19,272,000 | 18,129,000 | 17,489,000 | 16,983,000 | 16,023,000 | 15,773,000 | 15,618,000 | 15,696,000 | 15,710,000 | 13,863,000 | 13,066,000 | 12,450,000 | 12,341,000 | 14,008,000 |
| Total assets | US$ in thousands | 23,458,000 | 24,766,000 | 24,751,000 | 23,644,000 | 24,427,000 | 23,711,000 | 22,098,000 | 21,716,000 | 21,884,000 | 19,971,000 | 19,908,000 | 20,404,000 | 18,007,000 | 17,651,000 | 17,780,000 | 17,476,000 | 17,522,000 | 16,444,000 | 15,280,000 | 16,167,000 |
| Total asset turnover | 0.84 | 0.80 | 0.81 | 0.85 | 0.82 | 0.83 | 0.87 | 0.83 | 0.80 | 0.85 | 0.80 | 0.77 | 0.87 | 0.89 | 0.88 | 0.79 | 0.75 | 0.76 | 0.81 | 0.87 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,713,000K ÷ $23,458,000K
= 0.84
Total asset turnover, which measures the efficiency of Aptiv PLC in generating revenue from its assets, has shown fluctuation over the years. The ratio indicates how well the company is utilizing its assets to generate sales.
From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 0.87 to 0.75, reflecting a decrease in revenue generated per dollar of assets. This could be due to a decline in sales relative to total assets during this period.
However, from March 31, 2021, to December 31, 2024, the total asset turnover fluctuated between 0.75 and 0.89. The ratio improved in the short term before stabilizing around 0.80-0.85 in the later period. This indicates that the company's efficiency in utilizing its assets to generate sales varied but ultimately remained within a relatively stable range.
Overall, fluctuations in total asset turnover suggest variations in Aptiv PLC's ability to efficiently generate revenue from its assets over the years. Further analysis and examination of business operations would be required to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024