Expeditors International of Washington, Inc. (EXPD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,600,500 | 9,300,110 | 17,071,300 | 16,523,500 | 9,584,390 |
| Total assets | US$ in thousands | 4,754,460 | 4,623,410 | 5,590,430 | 7,609,930 | 4,927,500 |
| Total asset turnover | 2.23 | 2.01 | 3.05 | 2.17 | 1.95 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,600,500K ÷ $4,754,460K
= 2.23
Expeditors International of Washington, Inc.'s total asset turnover has shown variations over the past five years. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets.
In the year ending December 31, 2020, the total asset turnover was 1.95, indicating that the company generated $1.95 in sales for every dollar of assets owned. This ratio increased to 2.17 by December 31, 2021, suggesting an improvement in asset utilization efficiency.
The total asset turnover ratio experienced a significant spike to 3.05 by December 31, 2022, indicating that Expeditors International efficiently utilized its assets to generate sales revenue. However, this high ratio may also signify a decrease in the average value of assets carried on the balance sheet.
By December 31, 2023, the total asset turnover ratio decreased to 2.01, reflecting a potential decline in efficiency in generating sales from assets compared to the previous year. Nevertheless, the ratio still indicates that the company is effectively utilizing its assets.
In the most recent year ending December 31, 2024, the total asset turnover ratio slightly increased to 2.23, showing a positive trend in asset utilization efficiency compared to the previous year.
Overall, fluctuations in Expeditors International's total asset turnover ratios over the five-year period suggest varying degrees of efficiency in generating sales from total assets. Investors and analysts may monitor this ratio to assess the company's operational effectiveness and resource utilization.
Peer comparison
Dec 31, 2024