Genuine Parts Co (GPC)
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 | 23,486,570 | 23,302,280 | 23,156,680 | 23,109,120 | 23,090,610 | 23,028,380 | 22,879,050 | 22,566,450 | 22,095,970 | 21,375,530 | 20,519,110 | 19,700,440 | 18,870,510 | 18,318,890 | 17,870,130 | 16,909,620 | 17,004,440 | 17,459,040 | 18,103,970 | 19,215,000 |
| Total assets | US$ in thousands | 19,282,700 | 20,259,200 | 18,869,400 | 18,336,500 | 17,968,500 | 17,021,900 | 16,941,600 | 16,907,500 | 16,495,400 | 16,377,100 | 16,238,200 | 16,273,300 | 14,352,100 | 13,974,900 | 14,086,000 | 13,943,500 | 13,440,200 | 13,475,500 | 13,264,000 | 14,451,400 |
| Total asset turnover | 1.22 | 1.15 | 1.23 | 1.26 | 1.29 | 1.35 | 1.35 | 1.33 | 1.34 | 1.31 | 1.26 | 1.21 | 1.31 | 1.31 | 1.27 | 1.21 | 1.27 | 1.30 | 1.36 | 1.33 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,486,570K ÷ $19,282,700K
= 1.22
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher turnover ratio indicates that the company is more effective in generating sales using its assets. Looking at Genuine Parts Co's total asset turnover over the past years, we can see some fluctuations in the ratio:
- The ratio was relatively stable around 1.3 to 1.4 from March 2020 to December 2021, indicating consistent asset utilization during this period.
- There was a slight decline in the ratio in the first quarter of 2022, followed by a rebound in the second quarter, suggesting a temporary decrease in asset efficiency.
- From September 2022 to September 2024, there was some variability in the ratio, with a gradual decline towards 1.15 by the end of 2024. This decline could signal a decrease in asset efficiency in the later years.
Overall, Genuine Parts Co's total asset turnover has shown both stability and some downward trend in recent years, which may indicate a need for further analysis to understand the factors impacting asset utilization and revenue generation.