Avery Dennison Corp (AVY)
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 | 8,755,700 | 8,680,500 | 8,595,400 | 8,450,600 | 8,364,300 | 8,279,700 | 8,498,500 | 8,755,000 | 9,039,300 | 9,196,600 | 8,951,300 | 8,706,300 | 8,408,300 | 8,216,000 | 7,873,300 | 7,299,800 | 6,971,500 | 6,753,500 | 6,785,800 | 7,053,000 |
| Total assets | US$ in thousands | 8,405,100 | 8,451,900 | 8,298,200 | 8,255,200 | 8,209,800 | 8,133,100 | 8,266,300 | 8,222,300 | 7,950,500 | 8,042,300 | 8,092,400 | 8,138,800 | 7,971,600 | 7,967,700 | 6,422,500 | 6,273,200 | 6,098,900 | 5,720,800 | 5,651,700 | 6,260,900 |
| Total asset turnover | 1.04 | 1.03 | 1.04 | 1.02 | 1.02 | 1.02 | 1.03 | 1.06 | 1.14 | 1.14 | 1.11 | 1.07 | 1.05 | 1.03 | 1.23 | 1.16 | 1.14 | 1.18 | 1.20 | 1.13 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,755,700K ÷ $8,405,100K
= 1.04
Avery Dennison Corp has shown fluctuations in its total asset turnover ratio over the past few years. The ratio increased from 1.13 in March 2020 to a peak of 1.23 in June 2021 before experiencing a decline. As of December 2024, the total asset turnover ratio stands at 1.04.
The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio generally suggests better asset utilization.
The overall trend for Avery Dennison Corp's total asset turnover ratio shows some variability, with periods of increase followed by periods of decrease. It would be beneficial for stakeholders to monitor this ratio to assess the company's ongoing efficiency in asset management and revenue generation.
Peer comparison
Dec 31, 2024