Emerson Electric Company (EMR)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,393,000 | 16,864,000 | 16,417,000 | 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 |
| Total assets | US$ in thousands | 44,246,000 | 45,585,000 | 46,440,000 | 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 |
| Total asset turnover | 0.39 | 0.37 | 0.35 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,393,000K ÷ $44,246,000K
= 0.39
The total asset turnover ratio for Emerson Electric Company has shown some fluctuations over the past few years. The ratio has ranged from 0.34 to 0.87, indicating how efficiently the company is utilizing its assets to generate sales revenue.
In recent quarters, the total asset turnover ratio has been relatively low, around the 0.35 to 0.39 range. This suggests that for each dollar of assets the company holds, it is generating around 35 to 39 cents in sales revenue.
The trend in total asset turnover indicates a decrease from higher levels seen in earlier periods, such as 0.64 to 0.87 in late 2021 and early 2022. This may indicate a decline in asset efficiency or slower growth in sales relative to total assets.
Overall, a total asset turnover ratio below 1 may suggest that the company could potentially be more efficient in utilizing its assets to generate revenue. Further analysis would be needed to understand the reasons behind the fluctuations and to assess the company's operational efficiency and financial performance.
Peer comparison
Sep 30, 2024
See also:
Emerson Electric Company Total Asset Turnover (Quarterly Data)