Equifax Inc (EFX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,681,100 | 5,265,200 | 5,122,200 | 4,923,900 | 4,127,500 |
| Total assets | US$ in thousands | 11,759,400 | 12,280,000 | 11,547,900 | 11,040,900 | 9,611,800 |
| Total asset turnover | 0.48 | 0.43 | 0.44 | 0.45 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,681,100K ÷ $11,759,400K
= 0.48
Equifax Inc's total asset turnover ratio has shown mixed performance over the past five years, ranging from 0.43 to 0.48. The ratio measures the company's ability to generate revenue relative to its total assets. In this case, the company generated $0.43 to $0.48 in revenue for each dollar of assets during the respective fiscal years.
The slight increase in total asset turnover from 2020 to 2021 suggests some improvement in efficiency, as the company was able to generate slightly more revenue for each dollar of assets. However, the ratio remained relatively stable over the following years, indicating that Equifax's asset utilization remained consistent.
Overall, Equifax Inc's total asset turnover indicates that the company is effectively utilizing its assets to generate revenue, albeit at a moderate level. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and performance.