GATX Corporation (GATX)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	1,202,100	1,258,000	1,308,900	1,360,900
Total assets	US$ in thousands	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	7,994,000	8,090,900	8,353,100	8,240,200
Total asset turnover		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	0.15	0.16	0.16	0.17

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,410,900K ÷ $11,326,000K
= 0.12

The total asset turnover ratio for GATX Corp. has remained relatively stable at approximately 0.13 for the past eight quarters. This indicates that, on average, the company generates $0.13 in revenue for every $1 of total assets it holds.

A total asset turnover ratio of 0.13 suggests that the company is effectively utilizing its assets to generate revenue. A higher ratio would indicate more efficient asset utilization, while a lower ratio could signify inefficiencies in asset management or underperformance in generating sales.

Overall, the consistency in the total asset turnover ratio for GATX Corp. implies a stable level of asset efficiency and revenue generation over the observed period. An in-depth analysis of other financial metrics and industry benchmarks may provide further insights into the company's overall financial performance.