Brinks Company (BCO)

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	4,604,600	4,575,500	4,503,900	4,440,300	4,354,500	4,294,000	4,239,900	4,159,000	4,065,300	4,037,600	3,933,100	3,715,300	3,623,700	3,537,900	3,500,000	3,588,500	3,610,700	3,582,600	3,512,500	4,304,800
Total assets	US$ in thousands	6,601,800	6,264,800	6,411,400	6,253,100	6,366,000	5,933,400	5,823,100	5,750,400	5,566,700	5,552,900	5,578,400	5,190,500	5,135,600	4,903,100	4,771,200	3,800,900	3,763,800	3,702,600	3,732,400	3,602,000
Total asset turnover		0.70	0.73	0.70	0.71	0.68	0.72	0.73	0.72	0.73	0.73	0.71	0.72	0.71	0.72	0.73	0.94	0.96	0.97	0.94	1.20

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,604,600K ÷ $6,601,800K
= 0.70

The total asset turnover ratio measures how efficiently a company is using its assets to generate revenue. Brink`s Co. has shown relatively consistent total asset turnover ratios over the past eight quarters, ranging from 0.71 to 0.77.

A total asset turnover ratio of less than 1 may indicate that Brink`s Co. is not generating as much revenue per dollar of assets compared to the previous year. It suggests that the company may not be utilizing its assets efficiently to generate sales. However, the consistency in the ratio over the past quarters could indicate stability in the company's asset utilization.

It is important for Brink`s Co. to analyze the factors contributing to the total asset turnover ratio to understand if there are any inefficiencies in asset management that need to be addressed. Overall, further investigation and comparison with industry peers may provide additional insights into the company's asset utilization efficiency.