CNH Industrial N.V. (CNH)
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 | 19,839,000 | 21,755,000 | 23,090,000 | 24,170,000 | 24,694,000 | 24,848,000 | 24,740,000 | 24,277,000 | 23,578,000 | 25,704,000 | 24,569,000 | 23,636,000 | 23,088,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 |
| Total assets | US$ in thousands | 42,933,000 | 44,033,000 | 43,959,000 | 45,726,000 | 46,351,000 | 43,041,000 | 42,687,000 | 40,566,000 | 39,381,000 | 35,844,000 | 35,648,000 | 36,485,000 | 49,416,000 | 47,693,000 | 49,222,000 | 46,705,000 | 48,719,000 | 45,069,000 | 45,019,000 | 43,913,000 |
| Total asset turnover | 0.46 | 0.49 | 0.53 | 0.53 | 0.53 | 0.58 | 0.58 | 0.60 | 0.60 | 0.72 | 0.69 | 0.65 | 0.47 | 0.48 | 0.50 | 0.53 | 0.54 | 0.56 | 0.56 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,839,000K ÷ $42,933,000K
= 0.46
Total asset turnover measures how efficiently a company utilizes its total assets to generate revenue. For CNH Industrial N.V., the total asset turnover ratio has fluctuated over the years, declining from 0.62 in March 2020 to 0.46 by December 2024. This downward trend indicates a decrease in the company's ability to generate sales relative to its total assets during this period. While the ratio experienced some fluctuations in the interim years, it generally followed a downward trajectory. This may suggest issues with asset management efficiency or challenges in generating sufficient revenues from the assets employed. CNH Industrial N.V. may need to focus on improving asset utilization and revenue generation to enhance overall operational effectiveness and profitability.
Peer comparison
Dec 31, 2024