Dana Inc (DAN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,284,000 | 10,555,000 | 10,156,000 | 8,945,000 | 7,106,000 |
| Total assets | US$ in thousands | 7,485,000 | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 |
| Total asset turnover | 1.37 | 1.33 | 1.36 | 1.17 | 0.96 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,284,000K ÷ $7,485,000K
= 1.37
Total asset turnover measures how efficiently a company generates revenue from its total assets. Dana Inc's total asset turnover has shown a positive trend over the past five years, increasing from 0.96 in 2020 to 1.37 in 2024. This indicates that the company has been able to generate more revenue for each dollar of assets over this period. The improvement suggests better asset utilization, which could result from effective management of resources or increased sales efficiency. However, the slight dip in 2023 followed by the subsequent increase in 2024 could indicate some variability or specific factors affecting the company's operations during these years. Overall, the increasing trend in total asset turnover for Dana Inc reflects a positive sign of operational efficiency and effective asset utilization.
Peer comparison
Dec 31, 2024