Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,752,000 | 21,786,000 | 21,506,000 | 20,725,000 | 21,238,000 | 21,272,000 | 21,162,000 | 21,391,000 | 20,288,000 | 20,074,000 | 19,645,000 | 18,092,000 | 17,250,000 | |||
| Total assets | US$ in thousands | 32,822,000 | 26,544,000 | 26,284,000 | 26,411,000 | 26,086,000 | 25,350,000 | 23,662,000 | 24,193,000 | 26,172,000 | 25,788,000 | 25,738,000 | 24,868,000 | 25,093,000 | 25,728,000 | 24,176,000 | 22,001,000 |
| Total asset turnover | 0.66 | 0.82 | 0.82 | 0.78 | 0.81 | 0.84 | 0.89 | 0.88 | 0.78 | 0.78 | 0.76 | 0.73 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,752,000K ÷ $32,822,000K
= 0.66
Carrier Global Corp's total asset turnover has exhibited some fluctuations over the past eight quarters. The ratio peaked at 0.86 in Q2 2022 before gradually declining to 0.67 in Q4 2023. Generally, a higher total asset turnover indicates that the company is generating more revenue per dollar of assets, reflecting better asset utilization efficiency.
In this case, the company's total asset turnover has ranged from 0.67 to 0.86, showing some variability in how effectively Carrier Global is using its assets to generate sales. It is important to investigate the reasons behind these fluctuations, such as changes in sales volume, asset management strategies, or shifts in the business model. Continuous monitoring and analysis of the total asset turnover can provide insights into the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023