Now Inc (DNOW)
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 | 2,373,000 | 2,357,000 | 2,339,000 | 2,300,000 | 2,321,000 | 2,313,000 | 2,302,000 | 2,247,000 | 2,136,000 | 2,021,000 | 1,883,000 | 1,744,000 | 1,632,000 | 1,519,000 | 1,406,000 | 1,376,000 | 1,619,000 | 1,939,000 | 2,364,000 | 2,770,000 |
| Total assets | US$ in thousands | 1,621,000 | 1,587,000 | 1,563,000 | 1,594,000 | 1,529,000 | 1,376,000 | 1,420,000 | 1,329,000 | 1,320,000 | 1,282,000 | 1,202,000 | 1,162,000 | 1,104,000 | 1,104,000 | 1,070,000 | 1,026,000 | 1,008,000 | 1,039,000 | 1,069,000 | 1,196,000 |
| Total asset turnover | 1.46 | 1.49 | 1.50 | 1.44 | 1.52 | 1.68 | 1.62 | 1.69 | 1.62 | 1.58 | 1.57 | 1.50 | 1.48 | 1.38 | 1.31 | 1.34 | 1.61 | 1.87 | 2.21 | 2.32 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,373,000K ÷ $1,621,000K
= 1.46
The total asset turnover ratio of Now Inc has shown a declining trend over the reporting periods from March 31, 2020, to December 31, 2024. The ratio decreased from 2.32 in March 2020 to 1.46 in December 2024. This implies that the company's ability to generate sales from its total assets has been decreasing over time.
Overall, the decreasing trend in total asset turnover suggests that Now Inc may be becoming less efficient in utilizing its assets to generate revenue. Further analysis of the company's operations, asset management, and sales strategy may be warranted to address this decline and improve overall efficiency.
Peer comparison
Dec 31, 2024