Harley-Davidson Inc (HOG)
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 | 5,186,809 | 5,552,410 | 5,950,770 | 5,777,400 | 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 |
| Total assets | US$ in thousands | 11,881,600 | 13,026,700 | 12,760,200 | 12,334,900 | 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 |
| Total asset turnover | 0.44 | 0.43 | 0.47 | 0.47 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,186,809K ÷ $11,881,600K
= 0.44
Based on the provided data, Harley-Davidson Inc's total asset turnover has fluctuated over the past few years. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate sales.
From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from a low of 0.34 to a high of 0.50. The ratio improved steadily from March 31, 2021, to March 31, 2024, reaching its peak at 0.50. This indicates that the company became more effective in utilizing its assets to generate sales during this period.
However, fluctuations were observed in the total asset turnover ratio, with a slight decrease recorded in some quarters. For example, there was a decrease from March 31, 2024, to September 30, 2024, where the ratio dropped from 0.50 to 0.43. This could suggest a temporary decrease in sales generated relative to the company's total assets during that period.
Overall, Harley-Davidson Inc's total asset turnover ratio indicates mixed performance in efficiently utilizing its assets to generate sales revenue during the period analyzed. It is essential for the company to continue monitoring and improving this ratio to ensure optimal utilization of its assets and sustainable growth.
Peer comparison
Dec 31, 2024