Cabot Corporation (CBT)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,994,000 | 3,931,000 | 4,321,000 | 3,409,000 | 2,614,000 |
| Total assets | US$ in thousands | 3,736,000 | 3,604,000 | 3,525,000 | 3,306,000 | 2,781,000 |
| Total asset turnover | 1.07 | 1.09 | 1.23 | 1.03 | 0.94 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,994,000K ÷ $3,736,000K
= 1.07
The total asset turnover ratio for Cabot Corporation has exhibited fluctuations over the past five years. In 2024 and 2023, the company's total asset turnover ratios were 1.07 and 1.09 respectively, indicating a slight decline compared to the previous year. However, in 2022, the total asset turnover ratio increased to 1.23, showing a significant improvement in the company's efficiency in generating sales from its assets.
In 2021, the total asset turnover ratio decreased to 1.03, reflecting a slight dip in the company's efficiency in utilizing its assets to generate sales revenue. Furthermore, in 2020, the total asset turnover ratio was at its lowest point at 0.94, signaling a decrease in the company's ability to generate sales relative to its total assets.
Overall, the trend in Cabot Corporation's total asset turnover ratio shows variability in the company's efficiency in generating sales from its assets, with fluctuations from year to year. Further analysis would be needed to understand the factors influencing these changes and to assess the company's overall asset management and operational efficiency.
Peer comparison
Sep 30, 2024