CH Robinson Worldwide Inc (CHRW)

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	17,724,960	17,762,190	17,458,580	17,397,090	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310
Total assets	US$ in thousands	5,297,930	5,613,360	5,512,350	5,472,090	5,225,280	5,317,670	5,405,260	5,595,580	5,954,560	6,795,530	7,457,440	7,521,340	7,028,110	6,602,610	5,906,560	5,596,620	5,144,260	5,074,840	4,825,690	4,848,320
Total asset turnover		3.35	3.16	3.17	3.18	3.37	3.47	3.72	4.02	4.15	3.85	3.54	3.34	3.29	3.20	3.24	3.07	3.15	3.04	3.13	3.17

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,724,960K ÷ $5,297,930K
= 3.35

CH Robinson Worldwide Inc's total asset turnover has shown a generally increasing trend from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.

Initially, the total asset turnover ratio stood at 3.17 on March 31, 2020, and fluctuated slightly over the subsequent periods. By December 31, 2024, the total asset turnover ratio increased to 3.35, indicating that the company was able to generate more sales revenue relative to its total assets.

Overall, the improving trend in the total asset turnover ratio suggests that CH Robinson Worldwide Inc has been increasingly efficient in utilizing its assets to generate sales revenue over the analyzed period. This could indicate effective asset management and operational efficiency within the company.