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.