Arrow Electronics Inc (ARW)
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 | 27,923,330 | 28,489,610 | 29,673,310 | 31,294,960 | 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 |
| Total assets | US$ in thousands | 21,757,700 | 20,934,600 | 20,107,800 | 20,262,900 | 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 |
| Total asset turnover | 1.28 | 1.36 | 1.48 | 1.54 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $27,923,330K ÷ $21,757,700K
= 1.28
The total asset turnover of Arrow Electronics Inc has fluctuated over the periods analyzed. From March 31, 2020, to December 31, 2024, the total asset turnover ranged from a high of 1.95 to a low of 1.28. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover generally suggests that the company is effectively utilizing its assets to generate sales.
The fluctuation in total asset turnover over time could be due to various factors such as changes in sales volume, changes in asset efficiency, or even changes in asset base. It would be advisable for stakeholders to further investigate the reasons behind these fluctuations to better understand the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024