Clean Harbors Inc (CLH)
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 | 5,395,620 | 5,338,840 | 5,337,840 | 5,308,930 | 5,168,630 | 4,988,910 | 4,587,405 | 4,156,892 | 3,803,032 | 3,426,911 | 3,272,642 | 3,074,051 | 3,139,310 | 3,215,536 | 3,321,592 | 3,480,263 | 3,405,713 | 3,392,912 | 3,350,811 | 3,331,464 |
| Total assets | US$ in thousands | 6,382,870 | 6,248,180 | 6,101,340 | 6,084,010 | 6,129,710 | 6,072,630 | 5,924,660 | 5,726,260 | 5,653,700 | 4,354,300 | 4,275,880 | 4,152,540 | 4,131,520 | 4,106,190 | 4,077,630 | 4,132,020 | 4,108,900 | 4,021,860 | 3,955,320 | 3,882,050 |
| Total asset turnover | 0.85 | 0.85 | 0.87 | 0.87 | 0.84 | 0.82 | 0.77 | 0.73 | 0.67 | 0.79 | 0.77 | 0.74 | 0.76 | 0.78 | 0.81 | 0.84 | 0.83 | 0.84 | 0.85 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,395,620K ÷ $6,382,870K
= 0.85
Clean Harbors, Inc.'s total asset turnover has displayed a fluctuating trend over the past eight quarters. The ratio measures how efficiently the company is generating revenue with its assets. In general, the higher the total asset turnover, the better, as it indicates that the company is using its assets more efficiently to generate sales.
In the most recent quarter, Q4 2023, the total asset turnover was 0.85, a slight decrease from the previous quarter, Q3 2023, which stood at 0.86. However, the company has shown a relatively consistent performance in maintaining the total asset turnover above 0.80 over the past two years, which suggests a reasonable level of asset utilization efficiency.
Looking back over the eight quarters, the total asset turnover has shown an overall increasing trend, indicating that Clean Harbors, Inc. has been gradually improving its asset utilization efficiency. The company seems to be effectively generating revenue in relation to its total assets, which is a positive indicator of operational efficiency and effective management of resources.
It is important for Clean Harbors, Inc. to continue monitoring and managing its asset turnover to ensure optimal utilization of assets and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2023