Clean Harbors Inc (CLH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,754,620 | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 |
| Total assets | US$ in thousands | 7,377,280 | 6,382,870 | 6,129,710 | 5,653,700 | 4,131,520 |
| Total asset turnover | 0.78 | 0.85 | 0.84 | 0.67 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,754,620K ÷ $7,377,280K
= 0.78
Clean Harbors Inc's total asset turnover has fluctuated over the past five years. The company's total asset turnover ratio was 0.76 in December 31, 2020, indicating that for every dollar of total assets, the company generated $0.76 in revenue.
In the following year, the total asset turnover ratio decreased to 0.67, signifying a decrease in efficiency in how the company utilized its assets to generate revenue. However, in December 31, 2022, the total asset turnover ratio improved to 0.84, highlighting a potential increase in operational efficiency and revenue generation.
Subsequently, in December 31, 2023, the total asset turnover ratio slightly increased to 0.85, indicating a continued improvement in asset utilization. However, in December 31, 2024, the ratio declined to 0.78, suggesting a slight decrease in efficiency in generating revenue from the company's total assets compared to the previous year.
Overall, it is important for Clean Harbors Inc to continue monitoring and optimizing its total asset turnover ratio to ensure effective management of its assets and sustainable revenue generation.