Equifax Inc (EFX)
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 | 5,020,200 | 4,899,200 | 4,840,100 | 4,858,300 | 4,937,400 | 5,007,900 | 4,998,600 | 4,923,400 | 4,775,900 | 4,682,300 | 4,525,300 | 4,271,600 | 4,022,800 | 3,810,100 | 3,626,900 | 3,533,100 | 3,425,300 | 3,354,800 | 3,314,600 | 3,312,700 |
| Total assets | US$ in thousands | 12,280,000 | 12,348,900 | 11,537,900 | 11,583,900 | 11,547,900 | 11,308,000 | 11,221,200 | 11,391,700 | 11,040,900 | 11,083,300 | 9,340,300 | 9,669,400 | 9,611,800 | 9,249,800 | 8,832,800 | 7,622,800 | 7,909,000 | 7,430,700 | 7,473,500 | 7,335,700 |
| Total asset turnover | 0.41 | 0.40 | 0.42 | 0.42 | 0.43 | 0.44 | 0.45 | 0.43 | 0.43 | 0.42 | 0.48 | 0.44 | 0.42 | 0.41 | 0.41 | 0.46 | 0.43 | 0.45 | 0.44 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,020,200K ÷ $12,280,000K
= 0.41
Equifax, Inc.'s total asset turnover ratio fluctuated between 0.42 and 0.46 over the past eight quarters, indicating how efficiently the company utilizes its assets to generate sales revenue. The ratio peaked at 0.46 in Q3 and Q2 of 2022 before declining slightly to 0.45 in Q1 of 2022 and maintaining a level of 0.44 in the last four quarters of 2023.
A total asset turnover below 1 suggests that Equifax is not generating a high level of sales relative to its assets. However, the consistency of the ratio around 0.44-0.46 indicates a stable trend in asset utilization efficiency. Management should continue monitoring and potentially improving this ratio to maximize the value extracted from the company's assets.