Dana Inc (DAN)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,387,000 | 10,468,000 | 10,344,000 | 10,194,000 | 10,032,000 | 9,746,000 | 9,417,000 | 9,009,000 | 8,787,000 | 8,656,000 | 8,436,000 | 7,337,000 | 7,009,000 | 6,882,000 | 7,060,000 | 8,285,000 | 8,508,000 | 8,503,000 | 8,322,000 | 8,081,000 |
| Total assets | US$ in thousands | 7,965,000 | 7,937,000 | 8,046,000 | 7,893,000 | 7,449,000 | 7,662,000 | 7,919,000 | 8,053,000 | 7,632,000 | 7,577,000 | 7,679,000 | 7,602,000 | 7,376,000 | 7,522,000 | 6,908,000 | 7,235,000 | 7,220,000 | 7,231,000 | 7,346,000 | 7,284,000 |
| Total asset turnover | 1.30 | 1.32 | 1.29 | 1.29 | 1.35 | 1.27 | 1.19 | 1.12 | 1.15 | 1.14 | 1.10 | 0.97 | 0.95 | 0.91 | 1.02 | 1.15 | 1.18 | 1.18 | 1.13 | 1.11 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,387,000K ÷ $7,965,000K
= 1.30
Dana Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from a low of 1.14 in Q1 2022 to a high of 1.36 in Q4 2022. The total asset turnover ratio measures the efficiency of the company in generating sales from its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Overall, Dana Inc's total asset turnover has been consistently above 1, which suggests that the company is effectively utilizing its assets to generate sales. The slight fluctuations in the ratio over the quarters indicate some variability in asset utilization efficiency, but the general trend suggests a healthy operational performance in converting assets into revenue. It is important for the company to maintain or improve upon this ratio to ensure optimal asset utilization and financial performance.
Peer comparison
Dec 31, 2023