CNH Industrial N.V. (CNH)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,752,000 | 23,084,000 | 24,163,000 | 24,687,000 | 24,838,000 | 24,733,000 | 24,248,000 | 23,551,000 | 36,020,000 | 34,885,000 | 33,977,000 | 33,428,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 | 28,079,000 |
| Total assets | US$ in thousands | 44,033,000 | 43,959,000 | 45,726,000 | 46,267,000 | 43,041,000 | 42,687,000 | 40,566,000 | 39,381,000 | 35,844,000 | 35,648,000 | 36,485,000 | 6,789,000 | 47,693,000 | 49,222,000 | 46,705,000 | 48,719,000 | 45,069,000 | 45,019,000 | 43,913,000 | 47,352,000 |
| Total asset turnover | 0.49 | 0.53 | 0.53 | 0.53 | 0.58 | 0.58 | 0.60 | 0.60 | 1.00 | 0.98 | 0.93 | 4.92 | 0.48 | 0.50 | 0.53 | 0.54 | 0.56 | 0.56 | 0.62 | 0.59 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,752,000K ÷ $44,033,000K
= 0.49
Total asset turnover measures the efficiency with which a company generates sales revenue relative to its total assets. For CNH Industrial N.V., the total asset turnover ratio has fluctuated over the past few quarters. It decreased from 0.62 in March 2022 to 0.49 in September 2024, indicating a decline in the company's ability to generate sales from its total assets.
The ratio hit its peak at 4.92 in December 2021, which could be an anomaly or an event-driven fluctuation. Following that, there was a significant drop to 0.48 in September 2021, suggesting a sharp decrease in sales relative to its assets. Subsequently, there was an improvement in the ratio to around 1.00 in September 2022 before declining again.
Overall, the varying total asset turnover ratios may reflect changes in the company's sales performance and asset management efficiency. It is important for investors and stakeholders to monitor this metric alongside other financial indicators to assess CNH Industrial N.V.'s operational performance and financial health accurately.
Peer comparison
Sep 30, 2024