Emerson Electric Company (EMR)
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 | 15,827,000 | 15,124,000 | 16,394,000 | 17,488,000 | 18,549,000 | 19,642,000 | 19,229,000 | 18,908,000 | 18,579,000 | 18,267,000 | 17,878,000 | 17,095,000 | 16,795,000 | 16,785,000 | 17,198,000 | 17,968,000 | 18,376,000 | 18,372,000 | 18,289,000 | 18,061,000 |
| Total assets | US$ in thousands | 46,513,000 | 42,746,000 | 44,173,000 | 36,147,000 | 36,241,000 | 35,672,000 | 37,042,000 | 29,497,000 | 26,959,000 | 24,715,000 | 24,484,000 | 23,800,000 | 23,678,000 | 22,882,000 | 21,730,000 | 21,711,000 | 21,101,000 | 20,497,000 | 21,317,000 | 21,071,000 |
| Total asset turnover | 0.34 | 0.35 | 0.37 | 0.48 | 0.51 | 0.55 | 0.52 | 0.64 | 0.69 | 0.74 | 0.73 | 0.72 | 0.71 | 0.73 | 0.79 | 0.83 | 0.87 | 0.90 | 0.86 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,827,000K ÷ $46,513,000K
= 0.34
Emerson Electric Co.'s total asset turnover has exhibited a declining trend from Q2 2022 to Q1 2024, indicating a decrease in the efficiency with which the company generates revenue relative to its total assets. The ratio has decreased from 0.64 in Q2 2022 to 0.34 in Q1 2024. This suggests that the company may be experiencing challenges in utilizing its assets effectively to generate sales. A declining total asset turnover may indicate inefficiencies in the management of resources or a slowdown in sales growth relative to the growth in assets. It is important for the company to closely evaluate its asset utilization strategies to improve operational efficiency and enhance overall financial performance.
Peer comparison
Dec 31, 2023
See also:
Emerson Electric Company Total Asset Turnover (Quarterly Data)