GXO Logistics Inc (GXO)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 9,725,000 | 8,964,000 | 7,919,000 |
| Total assets | US$ in thousands | 9,507,000 | 9,219,000 | 7,271,000 |
| Total asset turnover | 1.02 | 0.97 | 1.09 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,725,000K ÷ $9,507,000K
= 1.02
The total asset turnover of GXO Logistics Inc has shown fluctuations over the past four years. In 2023, the total asset turnover ratio was 1.03, indicating that the company generated $1.03 in revenue for every $1 of total assets during the year. This reflects an improvement compared to the previous year, where the ratio was 0.98.
In 2021, GXO Logistics Inc experienced a peak in total asset turnover at 1.09, which suggests that the company was able to generate more revenue relative to its total asset base. However, in 2020, the total asset turnover ratio dropped to 0.90, indicating that the company's efficiency in utilizing its total assets to generate revenue decreased during that period.
Overall, the trend in total asset turnover for GXO Logistics Inc shows variability, with fluctuations observed in the company's ability to generate revenue in relation to its total asset base. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2023