Dow Inc (DOW)
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 | 42,964,000 | 43,180,000 | 43,031,000 | 43,536,000 | 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 |
| Total assets | US$ in thousands | 57,312,000 | 59,389,000 | 58,526,000 | 58,817,000 | 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 |
| Total asset turnover | 0.75 | 0.73 | 0.74 | 0.74 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $42,964,000K ÷ $57,312,000K
= 0.75
Total asset turnover is a key efficiency ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is utilizing its assets to generate sales.
Based on the data provided for Dow Inc, the total asset turnover ratio has fluctuated over the years. As of December 31, 2024, the total asset turnover ratio stood at 0.75, indicating that for every dollar of assets, the company generated $0.75 in revenue.
The trend in total asset turnover for Dow Inc shows a general increase from March 31, 2020, to December 31, 2022, with a peak at 1.00 on September 30, 2022, suggesting improved asset utilization during this period. However, the ratio began to decline from March 31, 2023, reaching 0.74 by June 30, 2024.
A total asset turnover ratio below 1 may indicate inefficiency in asset utilization, while a ratio above 1 suggests effective management of assets in generating revenue. It is important for the company to closely monitor this ratio to ensure optimal utilization of its assets to drive revenue growth and improve overall performance.
Peer comparison
Dec 31, 2024