Arrow Electronics Inc (ARW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,107,100 | 37,124,400 | 34,477,000 | 28,673,400 | 28,916,800 |
| Total assets | US$ in thousands | 21,726,200 | 21,763,200 | 19,535,500 | 17,053,900 | 16,400,800 |
| Total asset turnover | 1.52 | 1.71 | 1.76 | 1.68 | 1.76 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,107,100K ÷ $21,726,200K
= 1.52
Arrow Electronics Inc.'s total asset turnover has fluctuated over the past five years. The ratio decreased from 1.76 in 2019 to 1.68 in 2020, indicating a slight decline in efficiency in generating revenue from its assets. However, there was an improvement in 2021, with the total asset turnover increasing to 1.76, suggesting the company was able to generate more revenue relative to its assets. In 2022, the ratio decreased to 1.71, but it rebounded slightly in 2023 to 1.52. Overall, despite the fluctuations, Arrow Electronics Inc. has maintained a relatively stable performance in utilizing its assets to generate revenue over the years.
Peer comparison
Dec 31, 2023