Eaton Corporation PLC (ETN)
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 | 23,106,000 | 22,505,000 | 21,868,000 | 21,178,000 | 20,562,000 | 19,970,000 | 20,218,000 | 20,349,000 | 20,114,000 | 20,118,000 | 19,180,000 | 17,774,000 | 18,008,000 | 18,475,000 | 19,163,000 | 20,776,000 | 21,229,000 | 21,373,000 | 21,496,000 | 26,924,000 |
| Total assets | US$ in thousands | 38,432,000 | 37,289,000 | 36,772,000 | 35,517,000 | 35,014,000 | 34,364,000 | 35,153,000 | 35,208,000 | 34,027,000 | 34,128,000 | 36,804,000 | 34,080,000 | 31,824,000 | 30,985,000 | 30,348,000 | 30,845,000 | 32,805,000 | 31,895,000 | 32,244,000 | 31,649,000 |
| Total asset turnover | 0.60 | 0.60 | 0.59 | 0.60 | 0.59 | 0.58 | 0.58 | 0.58 | 0.59 | 0.59 | 0.52 | 0.52 | 0.57 | 0.60 | 0.63 | 0.67 | 0.65 | 0.67 | 0.67 | 0.85 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,106,000K ÷ $38,432,000K
= 0.60
Eaton Corporation plc's total asset turnover ratio has been relatively stable over the past eight quarters, ranging between 0.56 and 0.61. This ratio indicates that, on average, the company generates around $0.60 in revenue for every dollar of total assets it holds. A consistent total asset turnover suggests that Eaton is effectively utilizing its assets to generate sales. However, the relatively lower turnover compared to industry peers may indicate that there is room for improvement in asset efficiency. Monitoring this ratio and comparing it to industry benchmarks can help evaluate Eaton's performance in utilizing its assets effectively.
Peer comparison
Dec 31, 2023