GATX Corporation (GATX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,585,500 | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 |
| Total assets | US$ in thousands | 12,296,500 | 11,326,000 | 10,072,000 | 9,541,700 | 8,937,600 |
| Total asset turnover | 0.13 | 0.12 | 0.13 | 0.13 | 0.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,585,500K ÷ $12,296,500K
= 0.13
GATX Corporation's total asset turnover ratio has been relatively stable over the past five years, ranging between 0.12 and 0.14. This ratio indicates how efficiently the company is using its assets to generate revenue. A lower total asset turnover ratio suggests that the company is not generating significant sales relative to its asset base. In GATX Corporation's case, the decreasing trend in total asset turnover could indicate challenges in efficiently utilizing its assets to drive sales. Further analysis and comparison with industry benchmarks may provide insights into the company's operational performance and asset utilization strategies.
Peer comparison
Dec 31, 2024