Cabot Corporation (CBT)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,994,000 | 3,958,000 | 3,910,000 | 3,924,000 | 3,931,000 | 4,078,000 | 4,259,000 | 4,318,000 | 4,321,000 | 4,113,000 | 3,881,000 | 3,631,000 | 3,409,000 | 3,164,000 | 2,765,000 | 2,633,000 | 2,614,000 | 2,782,000 | 3,109,000 | 3,243,000 |
| Total assets | US$ in thousands | 3,736,000 | 3,580,000 | 3,596,000 | 3,695,000 | 3,604,000 | 3,387,000 | 3,519,000 | 3,535,000 | 3,525,000 | 3,568,000 | 3,524,000 | 3,315,000 | 3,306,000 | 3,225,000 | 3,047,000 | 2,980,000 | 2,781,000 | 3,019,000 | 3,097,000 | 3,151,000 |
| Total asset turnover | 1.07 | 1.11 | 1.09 | 1.06 | 1.09 | 1.20 | 1.21 | 1.22 | 1.23 | 1.15 | 1.10 | 1.10 | 1.03 | 0.98 | 0.91 | 0.88 | 0.94 | 0.92 | 1.00 | 1.03 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,994,000K ÷ $3,736,000K
= 1.07
The total asset turnover of Cabot Corporation has shown fluctuations over the past few quarters. Generally, a higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets, which is a positive sign of efficiency.
From the data provided, we can observe that the total asset turnover ratio has ranged from 0.88 to 1.23 over the past few years. In recent quarters, the ratio has fluctuated between 1.03 to 1.22, with the highest turnover ratio reported in March 2023. This suggests that Cabot Corporation has been efficient in utilizing its assets to generate revenue during that period.
It is crucial for the company to maintain a healthy total asset turnover ratio to ensure optimal utilization of its assets. By analyzing the trend over multiple periods, stakeholders can assess Cabot Corporation's ability to generate sales in relation to its asset base and evaluate the company's operational efficiency in generating revenue.
Peer comparison
Sep 30, 2024