Crown Holdings Inc (CCK)
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 | 11,928,000 | 11,504,000 | 11,378,000 | 11,328,000 | 11,532,000 | 11,716,000 | 11,928,000 | 12,382,000 | 12,632,000 | 12,492,000 | 12,255,000 | 11,672,000 | 11,632,000 | 11,816,000 | 11,385,000 | 10,666,000 | 10,345,000 | 10,174,000 | 10,769,000 | 11,667,000 |
| Total assets | US$ in thousands | 13,848,000 | 15,095,000 | 14,858,000 | 14,691,000 | 15,034,000 | 14,321,000 | 14,569,000 | 14,412,000 | 14,301,000 | 14,224,000 | 14,399,000 | 14,430,000 | 13,858,000 | 16,006,000 | 16,695,000 | 16,180,000 | 16,691,000 | 15,629,000 | 15,265,000 | 15,533,000 |
| Total asset turnover | 0.86 | 0.76 | 0.77 | 0.77 | 0.77 | 0.82 | 0.82 | 0.86 | 0.88 | 0.88 | 0.85 | 0.81 | 0.84 | 0.74 | 0.68 | 0.66 | 0.62 | 0.65 | 0.71 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,928,000K ÷ $13,848,000K
= 0.86
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. Looking at the data for Crown Holdings Inc, we can see a fluctuating trend in the total asset turnover ratio over the past few years.
From March 2020 to June 2020, the ratio decreased from 0.75 to 0.71, indicating that the company generated less revenue from its assets during this period. The ratio continued to decline, reaching 0.62 by December 2020, suggesting a decrease in asset efficiency.
However, from March 2021 onwards, there was a gradual improvement in the total asset turnover ratio, reaching a peak of 0.88 by December 2022. This increase indicates that Crown Holdings Inc was able to generate more sales revenue per dollar of assets, reflecting improved asset utilization and efficiency during this period.
Subsequently, the ratio fluctuated slightly between March 2023 and December 2024, ranging from 0.77 to 0.86. Overall, the trend in total asset turnover for Crown Holdings Inc shows both periods of decline and improvement, highlighting the company's changing ability to generate sales from its total assets over the years.
Peer comparison
Dec 31, 2024