GATX Corporation (GATX)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,585,500	1,540,700	1,495,400	1,451,900	1,410,900	1,364,900	1,325,800	1,295,300	1,273,000	1,271,300	1,263,800	1,268,200	1,257,400	1,241,300	1,232,200	1,215,600	1,209,200	1,204,800	1,199,200	1,196,200
Total assets	US$ in thousands	12,296,500	12,379,900	12,222,600	11,579,100	11,326,000	10,647,500	10,590,100	10,048,100	10,072,000	9,875,400	9,524,200	9,908,600	9,541,700	9,586,300	9,400,500	9,915,300	8,937,600	8,690,300	8,512,700	8,717,900
Total asset turnover		0.13	0.12	0.12	0.13	0.12	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.12	0.14	0.14	0.14	0.14

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,585,500K ÷ $12,296,500K
= 0.13

The total asset turnover ratio for GATX Corporation has remained relatively stable over the periods analyzed, averaging around 0.13. This ratio indicates that for every dollar of assets held by the company, it generates approximately $0.13 of revenue. A total asset turnover ratio of 0.13 suggests that GATX is able to efficiently utilize its assets to generate sales. However, a slight decline in the ratio from 0.14 in the earlier periods to 0.12 in the later periods may indicate a potential decrease in asset efficiency or sales generation capability. Further analysis of the company's operating performance and asset management practices may be necessary to understand the underlying reasons for this trend.