Cabot Corporation (CBT)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,931,000 | 4,321,000 | 3,409,000 | 2,614,000 | 3,337,000 |
| Total assets | US$ in thousands | 3,604,000 | 3,525,000 | 3,306,000 | 2,781,000 | 3,004,000 |
| Total asset turnover | 1.09 | 1.23 | 1.03 | 0.94 | 1.11 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,931,000K ÷ $3,604,000K
= 1.09
The total asset turnover ratio for Cabot Corp. has fluctuated over the past five years, indicating varying levels of efficiency in utilizing its total assets to generate sales. In 2023, the total asset turnover ratio decreased to 1.09 from 1.23 in 2022, suggesting a decline in the company's ability to generate sales from its total assets. This may be indicative of decreased sales relative to its total asset base. It is important for Cabot Corp. to closely monitor and manage its asset utilization efficiency to ensure optimal performance and sustainable growth.
Peer comparison
Sep 30, 2023