Eaton Corporation PLC (ETN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,878,000 | 23,196,000 | 20,752,000 | 19,628,000 | 17,858,000 |
| Total assets | US$ in thousands | 38,381,000 | 38,432,000 | 35,030,000 | 34,027,000 | 31,824,000 |
| Total asset turnover | 0.65 | 0.60 | 0.59 | 0.58 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $24,878,000K ÷ $38,381,000K
= 0.65
Eaton Corporation PLC's total asset turnover has shown a gradual improvement over the past five years, increasing from 0.56 in December 31, 2020 to 0.65 in December 31, 2024. This indicates that the company is generating more revenue for each dollar invested in its assets. The upward trend suggests that Eaton Corporation PLC is becoming more efficient in utilizing its assets to generate sales. This improvement may be attributed to better operational efficiency, asset utilization, or effective management of resources. Overall, the increasing total asset turnover reflects positively on Eaton Corporation PLC's ability to generate sales from its asset base.
Peer comparison
Dec 31, 2024