GATX Corporation (GATX)
Total asset turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 | 1,202,100 |
Total assets | US$ in thousands | 11,326,000 | 10,072,000 | 9,541,700 | 8,937,600 | 7,994,000 |
Total asset turnover | 0.12 | 0.13 | 0.13 | 0.14 | 0.15 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,410,900K ÷ $11,326,000K
= 0.12
The total asset turnover of GATX Corp. has exhibited a declining trend over the past five years, decreasing from 0.17 in 2019 to 0.12 in 2023. This indicates that the company generated $0.12 in revenue for every $1 of assets held in 2023. The decreasing total asset turnover suggests that the company's efficiency in utilizing its assets to generate sales has slightly declined over the period. Further analysis would be required to determine the specific factors contributing to this trend and assess the overall operational performance of GATX Corp.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
GATX Corporation
GATX
0.12
Booking Holdings Inc
BKNG
0.88
Expedia Group Inc.
EXPE
0.58
GXO Logistics Inc
GXO
1.02
RXO Inc.
RXO
2.15
Verra Mobility Corp
VRRM
0.06
XPO Logistics Inc
XPO
1.03