Dow Inc (DOW)
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 | 44,622,000 | 45,860,000 | 49,245,000 | 53,489,000 | 56,902,000 | 59,407,000 | 60,129,000 | 58,350,000 | 54,968,000 | 51,310,000 | 46,185,000 | 40,654,000 | 38,542,000 | 38,040,000 | 39,092,000 | 41,752,000 | 42,951,000 | |||
| Total assets | US$ in thousands | 57,967,000 | 58,288,000 | 58,294,000 | 59,316,000 | 60,603,000 | 59,557,000 | 62,143,000 | 63,335,000 | 62,990,000 | 61,749,000 | 61,768,000 | 60,437,000 | 61,470,000 | 59,945,000 | 59,276,000 | 60,686,000 | 60,524,000 | 64,937,000 | 64,889,000 | 79,737,000 |
| Total asset turnover | 0.77 | 0.79 | 0.84 | 0.90 | 0.94 | 1.00 | 0.97 | 0.92 | 0.87 | 0.83 | 0.75 | 0.67 | 0.63 | 0.63 | 0.66 | 0.69 | 0.71 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $44,622,000K ÷ $57,967,000K
= 0.77
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively using its assets to generate sales.
Based on the data provided, Dow Inc's total asset turnover has shown a declining trend over the last eight quarters, decreasing from 1.00 in the third quarter of 2022 to 0.77 in the fourth quarter of 2023. This indicates that the company's ability to generate sales from its total assets has weakened.
The decreasing trend may suggest that Dow Inc's sales are not keeping pace with its total assets, potentially indicating inefficiency in the utilization of assets or a decrease in sales relative to total assets. It would be important to further investigate the reasons behind this declining trend and assess potential strategies to improve the company's asset utilization and sales generation.
Peer comparison
Dec 31, 2023