Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,003,000 | 23,595,000 | 23,342,000 | 22,645,000 | 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 | 37,403,000 | 40,201,000 | 40,424,000 | 40,810,000 | 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 |
| Total asset turnover | 0.64 | 0.59 | 0.58 | 0.55 | 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, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $24,003,000K ÷ $37,403,000K
= 0.64
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. For Carrier Global Corp, the total asset turnover has shown fluctuations over the periods provided. From December 31, 2020, to June 30, 2022, there was a generally increasing trend in total asset turnover, indicating improving efficiency in asset utilization.
However, from June 30, 2022, to December 31, 2024, the total asset turnover experienced fluctuations. The ratio peaked at 0.89 on June 30, 2022, but then declined to 0.66 on December 31, 2023, before showing a slight recovery to 0.64 on December 31, 2024. These fluctuations suggest that the company may have faced challenges in effectively utilizing its assets to generate revenue during these periods.
Overall, the total asset turnover ratio for Carrier Global Corp ranged from 0.55 to 0.89 over the periods analyzed, indicating variations in the company's asset efficiency and revenue generation capabilities. Further analysis would be needed to understand the specific factors driving these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024