Equifax Inc (EFX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,020,200 | 4,937,400 | 4,775,900 | 3,978,400 | 3,392,900 |
| Total assets | US$ in thousands | 12,280,000 | 11,547,900 | 11,040,900 | 9,611,800 | 7,909,000 |
| Total asset turnover | 0.41 | 0.43 | 0.43 | 0.41 | 0.43 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,020,200K ÷ $12,280,000K
= 0.41
The total asset turnover ratio for Equifax, Inc. over the past five years has shown a consistent trend, ranging from 0.43 to 0.45. This ratio indicates that the company generates between $0.43 and $0.45 in revenue for every $1 of total assets it holds.
The stability of the ratio over the years suggests that Equifax has been effectively utilizing its assets to generate revenue. A higher total asset turnover ratio is generally preferred, as it indicates efficient asset management and strong sales performance. However, the slight fluctuations in Equifax's ratio within a narrow range suggest a steady performance in utilizing its assets to generate revenues.
Further analysis and comparison with industry peers would provide a clearer picture of Equifax's asset utilization efficiency relative to its competitors.