Caterpillar Inc (CAT)
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 | 64,809,000 | 65,664,000 | 66,368,000 | 66,997,000 | 67,060,000 | 66,587,000 | 64,771,000 | 61,700,000 | 59,427,000 | 56,628,000 | 54,031,000 | 52,673,000 | 50,971,000 | 48,408,000 | 45,892,000 | 43,000,000 | 41,748,000 | 43,657,000 | 46,534,000 | 50,969,000 |
| Total assets | US$ in thousands | 87,764,000 | 86,273,000 | 83,336,000 | 83,741,000 | 87,476,000 | 86,791,000 | 85,427,000 | 83,649,000 | 81,943,000 | 80,907,000 | 81,107,000 | 82,276,000 | 82,793,000 | 80,784,000 | 81,697,000 | 80,729,000 | 78,324,000 | 76,741,000 | 76,566,000 | 75,894,000 |
| Total asset turnover | 0.74 | 0.76 | 0.80 | 0.80 | 0.77 | 0.77 | 0.76 | 0.74 | 0.73 | 0.70 | 0.67 | 0.64 | 0.62 | 0.60 | 0.56 | 0.53 | 0.53 | 0.57 | 0.61 | 0.67 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $64,809,000K ÷ $87,764,000K
= 0.74
Total asset turnover measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is using its assets effectively to generate sales.
Looking at Caterpillar Inc's total asset turnover over the last few years, we observe a fluctuating trend. The ratio started at 0.67 on March 31, 2020, and gradually decreased to 0.53 by December 31, 2020, indicating a slight decline in asset utilization during that period.
However, from March 31, 2021, onwards, the total asset turnover ratio began to gradually increase, reaching its peak at 0.80 by June 30, 2024. This improvement suggests that Caterpillar Inc became more efficient in utilizing its assets to generate sales revenue during this period.
Overall, the increasing trend in total asset turnover from 2021 to 2024 indicates that Caterpillar Inc has been more effective in generating sales relative to its total assets, potentially signaling improved operational efficiency and financial performance over the analyzed period.
Peer comparison
Dec 31, 2024