Arrow Electronics Inc (ARW)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 33,107,130 | 34,580,990 | 35,840,400 | 36,786,720 | 37,124,410 | 36,817,470 | 36,063,430 | 35,165,220 | 34,477,020 | 33,915,130 | 32,634,000 | 30,677,860 | 28,673,360 | 27,557,360 | 27,404,220 | 28,142,280 | 28,916,850 | 29,496,840 | 29,909,160 | 29,957,140 |
| Total assets | US$ in thousands | 21,726,200 | 20,638,400 | 20,535,900 | 20,276,500 | 21,763,200 | 20,505,700 | 19,894,400 | 19,512,900 | 19,535,500 | 17,430,500 | 16,842,800 | 16,173,600 | 17,053,900 | 15,496,600 | 15,604,500 | 15,391,500 | 16,400,800 | 15,689,700 | 16,024,400 | 16,830,800 |
| Total asset turnover | 1.52 | 1.68 | 1.75 | 1.81 | 1.71 | 1.80 | 1.81 | 1.80 | 1.76 | 1.95 | 1.94 | 1.90 | 1.68 | 1.78 | 1.76 | 1.83 | 1.76 | 1.88 | 1.87 | 1.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,107,130K ÷ $21,726,200K
= 1.52
Arrow Electronics Inc. has shown a consistent trend of total asset turnover over the past eight quarters. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is using its assets more efficiently to generate revenue.
In the given data, Arrow Electronics Inc. experienced a slight decrease in total asset turnover from Q1 2023 to Q4 2023, with the ratio declining from 1.81 to 1.52. Despite this decrease, the company's total asset turnover has generally been within a relatively narrow range between 1.52 and 1.81 over the past two years.
Overall, Arrow Electronics Inc. has maintained a stable performance in terms of total asset turnover, demonstrating efficient utilization of its assets to generate sales revenue. It is important for the company to continue monitoring and managing its asset turnover to ensure continued efficiency in its operations.
Peer comparison
Dec 31, 2023