Crown Holdings Inc (CCK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,041,000 | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 |
| Total assets | US$ in thousands | 13,848,000 | 15,034,000 | 14,301,000 | 13,858,000 | 16,691,000 |
| Total asset turnover | 0.87 | 0.77 | 0.88 | 0.80 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,041,000K ÷ $13,848,000K
= 0.87
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. In the case of Crown Holdings Inc, we observe an increasing trend in total asset turnover over the past five years.
As of December 31, 2020, the total asset turnover was 0.68, indicating that the company generated $0.68 in sales for every dollar of assets. By December 31, 2024, this ratio had improved to 0.87, signifying that the company was able to generate $0.87 in sales for every dollar of assets.
The increase in total asset turnover suggests that Crown Holdings Inc has become more efficient in utilizing its assets to generate sales revenue over the years. This improving trend may indicate better asset management, increased sales efficiency, or a combination of both.
However, it is worth noting that the ratio dipped slightly from 0.88 in 2022 to 0.77 in 2023. This decline could be attributed to various factors such as changes in business operations, economic conditions, or strategic decisions made by the company.
Overall, the increasing trend in total asset turnover for Crown Holdings Inc reflects positively on the company's operational efficiency and effectiveness in utilizing its assets to drive sales growth.
Peer comparison
Dec 31, 2024