BorgWarner Inc (BWA)

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	25,729,000	24,766,000	21,544,000	18,850,000	15,825,000	16,484,000	16,848,000	16,082,000	15,805,000	15,319,000	14,706,000	14,749,000	14,878,000	15,140,000	14,258,000	11,904,000	10,171,000	8,803,000	8,757,000	9,881,000
Total assets	US$ in thousands	13,993,000	15,137,000	14,108,000	14,122,000	14,453,000	14,104,000	17,317,000	17,117,000	16,994,000	16,077,000	16,144,000	16,678,000	16,575,000	16,491,000	16,863,000	15,971,000	16,029,000	10,892,000	10,337,000	9,502,000
Total asset turnover		1.84	1.64	1.53	1.33	1.09	1.17	0.97	0.94	0.93	0.95	0.91	0.88	0.90	0.92	0.85	0.75	0.63	0.81	0.85	1.04

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,729,000K ÷ $13,993,000K
= 1.84

BorgWarner Inc's total asset turnover ratio has displayed fluctuations over the periods analyzed. The ratio indicates how efficiently the company generates revenue from its assets. From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 1.04 to 0.63, which suggests a decline in asset efficiency. However, there was a gradual improvement from March 31, 2021, to June 30, 2024, with the ratio increasing to 1.53. This implies that BorgWarner Inc effectively utilized its assets to generate revenue during these periods. Notably, there was a significant spike in total asset turnover to 1.84 as of December 31, 2024, indicating a substantial increase in asset efficiency. Overall, the trend suggests that BorgWarner Inc has made improvements in utilizing its assets to generate sales over the analyzed period, with a notable enhancement in asset turnover in the later periods.