Axalta Coating Systems Ltd (AXTA)
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 | 5,184,100 | 5,123,500 | 5,053,200 | 4,994,200 | 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 | 4,482,200 | 4,549,600 | 4,588,600 | 4,643,300 |
| Total assets | US$ in thousands | 7,272,100 | 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 | 6,818,000 | 6,690,000 | 6,692,900 | 6,673,400 |
| Total asset turnover | 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 | 0.66 | 0.68 | 0.69 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,184,100K ÷ $7,272,100K
= 0.71
The total asset turnover of Axalta Coating Systems Ltd has been relatively stable over the past eight quarters, ranging from 0.64 to 0.73. This ratio indicates that, on average, the company generates between $0.64 and $0.73 in revenue for every dollar invested in total assets. A total asset turnover below 1 suggests that the company is not generating sufficient sales relative to its asset base. While the trend has shown slight fluctuations, there is no clear upward or downward trajectory observed in the data during the period analyzed. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023