Harley-Davidson Inc (HOG)
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 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,836,480 | 5,925,550 | 6,025,070 | 6,048,640 | 5,755,140 | 5,629,290 | 5,346,020 | 5,408,990 | 5,336,310 | 5,045,102 | 4,845,472 | 4,178,639 | 4,054,369 | 4,401,417 | 4,508,257 | 5,275,650 | 5,361,790 | 5,435,380 | 5,478,530 | 5,559,130 |
| Total assets | US$ in thousands | 12,140,600 | 12,462,200 | 12,015,600 | 12,029,600 | 11,492,500 | 11,927,600 | 12,121,600 | 10,894,600 | 11,051,100 | 11,199,800 | 10,909,200 | 11,339,000 | 12,010,600 | 12,532,300 | 13,156,200 | 11,139,900 | 10,528,200 | 10,576,200 | 10,740,300 | 10,580,600 |
| Total asset turnover | 0.48 | 0.48 | 0.50 | 0.50 | 0.50 | 0.47 | 0.44 | 0.50 | 0.48 | 0.45 | 0.44 | 0.37 | 0.34 | 0.35 | 0.34 | 0.47 | 0.51 | 0.51 | 0.51 | 0.53 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,836,480K ÷ $12,140,600K
= 0.48
Looking at the total asset turnover ratio of Harley-Davidson, Inc. over the past eight quarters, we can see some fluctuations but generally a consistent trend. The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue.
In Q1 and Q2 of 2023, the total asset turnover ratio increased to 0.50 from 0.47 in Q4 2022, indicating an improvement in the company's ability to generate revenue from its assets during those periods. However, this improvement was followed by a slight decrease to 0.48 in Q3 and Q4 of 2023, suggesting some challenges or inefficiencies in asset utilization during those quarters.
Overall, the total asset turnover ratios in 2023 demonstrate a relatively stable performance for Harley-Davidson, Inc. The company's ability to efficiently generate revenue from its assets was relatively consistent around the 0.48 to 0.50 range, with a peak of 0.50 in Q2 and Q1 of 2023. This indicates that while there may have been some fluctuations, Harley-Davidson, Inc. generally managed its assets effectively to generate revenue during the analyzed period.
Further analysis and comparison with industry benchmarks or historical data could provide additional insights into the company's asset utilization efficiency and its overall financial health.
Peer comparison
Dec 31, 2023