CNH Industrial N.V. (CNH)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,836,000 | 24,687,000 | 23,552,000 | 19,494,000 | 26,039,000 |
| Total assets | US$ in thousands | 42,933,000 | 46,267,000 | 39,381,000 | 49,416,000 | 48,719,000 |
| Total asset turnover | 0.46 | 0.53 | 0.60 | 0.39 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,836,000K ÷ $42,933,000K
= 0.46
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its total assets. Looking at the data provided for CNH Industrial N.V., we observe fluctuations in the total asset turnover ratio over the years.
In December 31, 2020, the total asset turnover ratio was 0.53, indicating that the company generated $0.53 in revenue for every $1 of total assets. However, by December 31, 2021, the ratio decreased to 0.39, suggesting a decline in the efficiency of asset utilization to generate revenue.
The trend changed in December 31, 2022, with a total asset turnover ratio of 0.60, showing an improvement in efficiency compared to the previous year. The ratio then decreased slightly to 0.53 by December 31, 2023, but remained relatively stable above the previous year's level.
By December 31, 2024, the total asset turnover ratio dropped to 0.46, indicating a decline in efficiency in utilizing assets to generate revenue compared to the previous year. Overall, the fluctuations in the total asset turnover ratio suggest varying levels of efficiency in asset utilization for revenue generation over the years analyzed.
Peer comparison
Dec 31, 2024