Brunswick Corporation (BC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,401,400 | 6,812,200 | 5,846,200 | 4,347,500 | 4,108,400 |
| Total assets | US$ in thousands | 6,230,500 | 6,321,300 | 5,425,000 | 3,770,600 | 3,564,400 |
| Total asset turnover | 1.03 | 1.08 | 1.08 | 1.15 | 1.15 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,401,400K ÷ $6,230,500K
= 1.03
Brunswick Corp.'s total asset turnover has experienced a downward trend over the past five years. The company's total asset turnover ratio decreased from 1.15 in both 2019 and 2020 to 1.08 in 2021 and 2022, and further declined to 1.03 in 2023. This decline indicates that the company's efficiency in generating sales from its total assets has weakened over the past few years. A lower total asset turnover ratio may suggest that Brunswick Corp. is not effectively utilizing its assets to generate sales revenue. Further investigation into the company's operational efficiency and asset management practices may be warranted to address this declining trend.
Peer comparison
Dec 31, 2023