GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,709,000 | 11,049,000 | 10,363,000 | 9,911,000 | 9,778,000 | 9,655,000 | 9,471,000 | 9,233,000 | 8,993,000 | 8,788,000 | 8,475,000 | 8,201,000 | 7,940,000 | 7,444,000 | 7,054,000 | 6,577,000 | 6,195,000 |
| Total assets | US$ in thousands | 11,266,000 | 11,900,000 | 11,360,000 | 9,380,000 | 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 | 7,120,000 | 6,548,000 |
| Total asset turnover | 1.04 | 0.93 | 0.91 | 1.06 | 1.03 | 1.06 | 1.04 | 1.02 | 0.98 | 1.00 | 0.97 | 1.15 | 1.09 | 1.04 | 1.00 | 0.92 | 0.95 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,709,000K ÷ $11,266,000K
= 1.04
Total asset turnover is a financial ratio that indicates how efficiently a company is using its assets to generate revenue. It is calculated by dividing a company's net sales by its average total assets.
Analyzing the total asset turnover of GXO Logistics Inc over the past few years reveals fluctuations in the company's asset utilization efficiency.
From December 31, 2020, to March 31, 2022, GXO Logistics Inc showed an improving trend in total asset turnover, reaching a peak of 1.15 on March 31, 2022. This indicates that the company was generating $1.15 in revenue for every dollar of total assets during that period.
However, the total asset turnover ratio experienced a decrease in the subsequent quarters until June 30, 2024, where it stood at 0.91. This suggests a potential decline in the company's asset utilization efficiency during this period.
Overall, the total asset turnover of GXO Logistics Inc has exhibited variability over the analyzed periods, indicating fluctuations in how effectively the company is converting its assets into revenue. It would be essential for investors and stakeholders to monitor this ratio closely to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024