Gates Industrial Corporation plc (GTES)
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 | 3,408,200 | 3,442,100 | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 |
| Total assets | US$ in thousands | 6,786,300 | 7,121,500 | 7,034,800 | 7,045,900 | 7,254,500 | 7,109,300 | 7,276,900 | 7,282,400 | 7,191,600 | 7,038,700 | 7,198,000 | 7,399,100 | 7,533,000 | 7,506,000 | 7,498,900 | 7,376,400 | 7,426,300 | 7,335,700 | 7,176,300 | 7,184,800 |
| Total asset turnover | 0.50 | 0.48 | 0.50 | 0.50 | 0.49 | 0.51 | 0.49 | 0.49 | 0.49 | 0.49 | 0.48 | 0.47 | 0.46 | 0.46 | 0.44 | 0.40 | 0.38 | 0.37 | 0.38 | 0.42 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,408,200K ÷ $6,786,300K
= 0.50
Total asset turnover for Gates Industrial Corporation plc has shown a relatively stable trend over the analyzed period. Starting at 0.42 on March 31, 2020, the ratio decreased slightly to 0.38 by June 30, 2020, before stabilizing around 0.38 to 0.40 for the remainder of 2020 and the first half of 2021. From March 31, 2021, onwards, the total asset turnover gradually increased to reach 0.50 by the end of December 31, 2024, with some minor fluctuations in between. Overall, the increasing trend in total asset turnover indicates that the company is generating more revenue relative to its total assets, which can be a positive sign of efficiency in asset utilization.
Peer comparison
Dec 31, 2024