Avient Corp (AVNT)
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 | 3,240,400 | 3,212,900 | 3,151,400 | 3,126,100 | 3,142,800 | 3,214,200 | 3,283,800 | 3,761,800 | 4,209,900 | 4,621,000 | 5,017,500 | 4,950,300 | 4,818,800 | 4,614,300 | 4,319,000 | 3,692,900 | 3,242,100 | 2,903,700 | 2,684,500 | 2,979,200 |
| Total assets | US$ in thousands | 5,811,100 | 6,047,300 | 5,907,800 | 5,876,100 | 5,968,500 | 5,789,700 | 6,051,800 | 6,111,200 | 6,085,000 | 6,307,100 | 5,043,600 | 5,043,700 | 5,002,900 | 5,011,000 | 5,047,400 | 4,909,400 | 4,871,300 | 4,709,900 | 4,337,000 | 3,742,700 |
| Total asset turnover | 0.56 | 0.53 | 0.53 | 0.53 | 0.53 | 0.56 | 0.54 | 0.62 | 0.69 | 0.73 | 0.99 | 0.98 | 0.96 | 0.92 | 0.86 | 0.75 | 0.67 | 0.62 | 0.62 | 0.80 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,240,400K ÷ $5,811,100K
= 0.56
The total asset turnover ratio for Avient Corp has fluctuated over the years. From March 31, 2020, through December 31, 2021, the ratio showed a gradual increase from 0.80 to 0.96, indicating an improvement in how efficiently the company was generating revenue relative to its total assets. However, starting from March 31, 2022, the ratio began to decline, reaching a low of 0.53 by June 30, 2024. This downward trend suggests a potential decrease in the company's efficiency in utilizing its assets to generate sales during this period. Further analysis of the company's operations and financial performance would be needed to understand the factors contributing to these fluctuations in the total asset turnover ratio.
Peer comparison
Dec 31, 2024