Avient Corp (AVNT)

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	3,025,600	3,616,800	3,679,400	4,170,600	4,630,600	4,533,100	4,947,900	4,877,400	4,743,500	4,556,500	4,250,500	3,627,700	3,186,800	2,848,400	2,643,400	2,938,100	3,120,000	3,295,400	3,473,000	3,484,000
Total assets	US$ in thousands	5,968,500	5,789,700	6,051,800	6,111,200	6,085,000	6,307,100	5,043,600	5,047,000	4,997,200	5,011,000	5,047,400	4,909,400	4,870,500	4,709,900	4,337,000	3,742,700	3,273,300	2,946,200	2,930,600	2,961,800
Total asset turnover		0.51	0.62	0.61	0.68	0.76	0.72	0.98	0.97	0.95	0.91	0.84	0.74	0.65	0.60	0.61	0.79	0.95	1.12	1.19	1.18

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,025,600K ÷ $5,968,500K
= 0.51

Avient Corp's total asset turnover has displayed variability over the past eight quarters. The ratio has fluctuated between a low of 0.41 in Q3 2023 and Q2 2023 to a high of 0.99 in Q2 2022. This indicates the efficiency with which the company utilizes its assets to generate sales revenue. A decreasing trend in total asset turnover may suggest that the company is finding it more challenging to generate sales from its assets. On the other hand, an increasing trend could signal improved asset utilization efficiency. It is essential for investors and stakeholders to monitor this ratio closely to assess Avient Corp's performance in efficiently utilizing its assets to drive revenue generation.