Ecolab Inc (ECL)

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 15,449,600 15,182,400 14,907,900 14,648,300 14,354,100 14,047,500 13,672,600 13,250,700 12,855,500 12,556,200 12,174,900 11,647,600 12,356,200 13,114,500 13,914,900 14,930,100 14,845,200 14,782,100 14,706,100 14,631,000
Total assets US$ in thousands 21,846,600 21,858,100 21,456,200 21,251,500 21,464,300 21,037,000 21,163,600 21,067,200 21,206,400 17,926,200 18,533,700 18,208,100 18,126,000 18,097,100 18,082,400 22,339,600 20,869,100 20,835,600 20,827,600 20,927,600
Total asset turnover 0.71 0.69 0.69 0.69 0.67 0.67 0.65 0.63 0.61 0.70 0.66 0.64 0.68 0.72 0.77 0.67 0.71 0.71 0.71 0.70

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,449,600K ÷ $21,846,600K
= 0.71

The total asset turnover of Ecolab, Inc. has been increasing gradually over the past eight quarters, from 0.62 in Q1 2022 to 0.70 in Q4 2023. This indicates that the company is generating more revenue relative to its total assets.

A total asset turnover ratio of less than 1 suggests that Ecolab is able to generate sales revenue with less investment in total assets, which is generally considered favorable. The improvement in the total asset turnover ratio over time implies that the company has become more efficient in utilizing its assets to generate sales.

A higher total asset turnover ratio may signify better operational efficiency and effective management of assets. It shows that Ecolab is making efficient use of its assets to generate revenue, which is crucial for profitability and sustainable growth.

Overall, the increasing trend in Ecolab's total asset turnover ratio indicates improved operational efficiency and a more effective utilization of assets in generating sales revenue.


Peer comparison

Dec 31, 2023


See also:

Ecolab Inc Total Asset Turnover (Quarterly Data)