Crown Holdings Inc (CCK)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 11,665,000 | 11,608,000 | 11,698,000 | 11,709,000 |
| Total assets | US$ in thousands | 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 | 12,718,000 | 15,337,000 | 15,565,000 | 15,357,000 |
| Total asset turnover | 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 | 0.92 | 0.76 | 0.75 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,532,000K ÷ $15,034,000K
= 0.77
The total asset turnover for Crown Holdings, Inc. has shown fluctuations over the past eight quarters, ranging from 0.80 to 0.91. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate revenue.
In the most recent quarter (Q4 2023), the total asset turnover was 0.80, which suggests that for every dollar of assets, the company generated $0.80 of sales. This represents a slight decrease from the previous quarter (Q3 2023), where the ratio was 0.85.
While the total asset turnover has been relatively consistent in the range of 0.80 to 0.91 over the past two years, it is essential for the company to monitor this metric closely. A sustained decrease in total asset turnover may indicate inefficiencies in asset utilization or potential issues with the company's sales generation process. Further analysis of the company's operations and potential strategies for improving asset efficiency may be necessary to maintain a healthy total asset turnover ratio.
Peer comparison
Dec 31, 2023