Dana Inc (DAN)
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 | 10,284,000 | 10,443,000 | 10,636,000 | 10,646,000 | 10,555,000 | 10,616,000 | 10,482,000 | 10,320,000 | 10,156,000 | 9,874,000 | 9,543,000 | 9,162,000 | 8,945,000 | 8,780,000 | 8,570,000 | 7,443,000 | 7,106,000 | 6,985,000 | 7,155,000 | 8,383,000 |
| Total assets | US$ in thousands | 7,485,000 | 7,859,000 | 7,808,000 | 7,857,000 | 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 |
| Total asset turnover | 1.37 | 1.33 | 1.36 | 1.35 | 1.33 | 1.34 | 1.30 | 1.31 | 1.36 | 1.29 | 1.21 | 1.14 | 1.17 | 1.16 | 1.12 | 0.98 | 0.96 | 0.93 | 1.04 | 1.16 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,284,000K ÷ $7,485,000K
= 1.37
Total asset turnover measures how efficiently a company generates revenue from its assets. A higher total asset turnover indicates that the company is using its assets more efficiently to generate sales revenue.
Analyzing the total asset turnover trend for Dana Inc over the past few years, we can observe fluctuations in the ratio. From March 31, 2020, to June 30, 2020, the total asset turnover decreased from 1.16 to 1.04, indicating a slight decline in asset efficiency. However, this trend reversed in the following quarters, with the ratio increasing to 1.12 by June 30, 2021.
Between September 2021 and December 2024, Dana Inc experienced varying levels of total asset turnover, ranging from 0.93 to 1.37. Notably, the ratio showed an increasing trend overall, reaching its peak at 1.37 by December 31, 2024. This suggests that Dana Inc has been utilizing its assets more efficiently to generate revenue.
Overall, the increasing trend in total asset turnover for Dana Inc indicates improving asset efficiency and revenue generation capabilities over the analyzed period. Investors and stakeholders may view this positively as it reflects the company's ability to generate sales relative to its asset base.
Peer comparison
Dec 31, 2024