CH Robinson Worldwide Inc (CHRW)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	17,725,000	17,596,400	24,696,600	23,102,100	16,207,100
Total assets	US$ in thousands	5,297,930	5,225,280	5,954,560	7,028,110	5,144,260
Total asset turnover		3.35	3.37	4.15	3.29	3.15

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $17,725,000K ÷ $5,297,930K
= 3.35

Total asset turnover is a key financial ratio that measures how efficiently a company utilizes its assets to generate revenue. Looking at the data provided for CH Robinson Worldwide Inc, we observe fluctuations in the total asset turnover ratio over the years:

1. As of December 31, 2020, the total asset turnover ratio stood at 3.15, indicating that the company generated $3.15 in revenue for every $1 of assets.

2. By December 31, 2021, the ratio improved to 3.29, suggesting a slight increase in asset efficiency in generating revenue.

3. A significant spike was noted by December 31, 2022, with the total asset turnover reaching 4.15, signaling a substantial improvement in asset utilization efficiency.

4. However, the ratio dropped to 3.37 by December 31, 2023, showing a reduction in the efficiency of asset turnover compared to the previous year.

5. The downward trend continued to December 31, 2024, where the total asset turnover ratio decreased slightly to 3.35.

Overall, the total asset turnover ratio of CH Robinson Worldwide Inc exhibits variations over the years, with fluctuations indicating changing levels of efficiency in generating revenue relative to the company's asset base. Further analysis of the company's operations and financial strategies may be necessary to understand the underlying factors contributing to these fluctuations in asset turnover efficiency.