Cummins Inc (CMI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 34,102,000 | 34,065,000 | 28,074,000 | 24,021,000 | 19,811,000 |
| Total assets | US$ in thousands | 31,540,000 | 32,005,000 | 30,299,000 | 23,710,000 | 22,624,000 |
| Total asset turnover | 1.08 | 1.06 | 0.93 | 1.01 | 0.88 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $34,102,000K ÷ $31,540,000K
= 1.08
Cummins Inc's total asset turnover has shown variability over the past five years. The ratio increased from 0.88 in December 31, 2020, to 1.08 in December 31, 2024. This improvement indicates that Cummins Inc became more efficient in generating sales from its assets during this period. The peak value of 1.08 in December 31, 2024, suggests that the company was able to generate $1.08 in sales for every $1 of assets invested. Overall, the trend in total asset turnover for Cummins Inc demonstrates an increasing efficiency in utilizing its assets to generate revenue over the analyzed period.
Peer comparison
Dec 31, 2024