Carrier Global Corp (CARR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,890,000 | 21,458,000 | 21,970,000 | 20,292,000 | 18,281,000 |
| Total assets | US$ in thousands | 37,403,000 | 32,822,000 | 26,086,000 | 26,172,000 | 25,093,000 |
| Total asset turnover | 0.61 | 0.65 | 0.84 | 0.78 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,890,000K ÷ $37,403,000K
= 0.61
Carrier Global Corp's total asset turnover has shown a fluctuating trend over the past five years. The ratio increased from 0.73 in December 31, 2020, to 0.84 in December 31, 2022, indicating that the company generated $0.84 in sales for every dollar of assets it held in 2022.
However, in the following years, there was a decrease in total asset turnover to 0.65 in December 31, 2023, and further to 0.61 in December 31, 2024. This downward trend suggests that the company's efficiency in utilizing its assets to generate sales declined in those years.
Overall, Carrier Global Corp's total asset turnover performance indicates that the company may need to focus on improving its asset utilization efficiency to enhance its revenue generation capabilities and overall financial performance in the future.
Peer comparison
Dec 31, 2024