GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,725,000 | 9,604,000 | 9,428,000 | 9,195,000 | 8,964,000 | 8,764,000 | 8,452,000 | 8,181,000 | |||
| Total assets | US$ in thousands | 9,507,000 | 9,091,000 | 9,126,000 | 9,090,000 | 9,219,000 | 8,806,000 | 8,706,000 | 7,126,000 | 7,271,000 | 7,133,000 | 7,068,000 |
| Total asset turnover | 1.02 | 1.06 | 1.03 | 1.01 | 0.97 | 1.00 | 0.97 | 1.15 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,725,000K ÷ $9,507,000K
= 1.02
Total asset turnover is a key financial ratio that reflects how efficiently a company is using its assets to generate revenue. In the case of GXO Logistics Inc, the trend of the total asset turnover ratio over the past five quarters shows consistency in the company's ability to generate revenue relative to its total assets. The ratio has been relatively stable, ranging between 0.98 to 1.06, with a slight fluctuation in the most recent quarters.
A total asset turnover ratio of above 1 indicates that the company is generating more revenue for each dollar of assets it owns, which is generally considered favorable. GXO Logistics Inc's total asset turnover ratio hovering around 1.04 on average suggests that the company is effectively utilizing its assets to drive revenue and maximize its operational efficiency.
Overall, the consistency and moderately high level of total asset turnover for GXO Logistics Inc indicate solid operational performance in terms of asset utilization and revenue generation.
Peer comparison
Dec 31, 2023