Axalta Coating Systems Ltd (AXTA)
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 | 5,276,000 | 5,262,300 | 5,251,300 | 5,194,300 | 5,184,300 | 5,123,700 | 5,053,400 | 4,994,300 | 4,884,400 | 4,784,900 | 4,634,800 | 4,526,700 | 4,416,200 | 4,353,500 | 4,291,800 | 3,817,700 | 3,737,600 | 3,761,500 | 3,841,600 | 4,346,400 |
| Total assets | US$ in thousands | 7,249,000 | 7,500,000 | 7,306,000 | 7,089,000 | 7,272,000 | 6,996,000 | 7,043,100 | 7,000,600 | 7,059,200 | 6,819,000 | 6,942,600 | 7,081,500 | 7,217,200 | 7,233,000 | 7,209,400 | 7,020,800 | 7,157,200 | 7,036,500 | 6,668,600 | 6,390,700 |
| Total asset turnover | 0.73 | 0.70 | 0.72 | 0.73 | 0.71 | 0.73 | 0.72 | 0.71 | 0.69 | 0.70 | 0.67 | 0.64 | 0.61 | 0.60 | 0.60 | 0.54 | 0.52 | 0.53 | 0.58 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,276,000K ÷ $7,249,000K
= 0.73
Total asset turnover for Axalta Coating Systems Ltd has shown a fluctuating trend over the past few years. The ratio decreased from 0.68 as of March 31, 2020, to a low of 0.52 by December 31, 2020. However, there was a gradual increase in the ratio to reach 0.73 as of December 31, 2024. This suggests that the company's efficiency in generating sales from its total assets improved over the period, with a peak performance demonstrated in the most recent quarters. Overall, the increasing trend indicates potential improvements in asset utilization and effective management of resources to drive higher sales.
Peer comparison
Dec 31, 2024