Ecolab Inc (ECL)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	15,741,400	15,320,200	14,187,800	12,733,100	11,790,200
Total assets	US$ in thousands	22,387,800	21,846,600	21,464,300	21,206,400	18,126,000
Total asset turnover		0.70	0.70	0.66	0.60	0.65

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $15,741,400K ÷ $22,387,800K
= 0.70

Ecolab Inc's total asset turnover ratio measures how efficiently the company utilizes its assets to generate revenues. Over the past five years, the company's total asset turnover has fluctuated.

In December 2020, Ecolab Inc's total asset turnover was 0.65, indicating that the company generated $0.65 in sales for every $1 of assets.

By December 2021, the total asset turnover had decreased to 0.60, suggesting a decrease in asset efficiency. Subsequently, in December 2022, there was a slight improvement with a ratio of 0.66.

Notably, in both December 2023 and December 2024, the total asset turnover ratio stood at 0.70. This indicates that Ecolab Inc has been able to generate $0.70 in sales for each dollar of assets during these years.

Overall, while the total asset turnover ratio has shown some variability, it seems to have stabilized around 0.70 in recent years. Ecolab Inc may benefit from maintaining or improving this efficiency in utilizing its assets to drive revenue growth.