International Business Machines (IBM)
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 | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 | 77,132,000 | 77,860,000 | 78,702,000 |
| Total assets | US$ in thousands | 135,241,000 | 129,321,000 | 132,213,000 | 133,637,000 | 127,243,000 | 125,850,000 | 127,503,000 | 133,275,000 | 132,001,000 | 144,214,000 | 146,814,000 | 148,629,000 | 155,971,000 | 154,128,000 | 154,200,000 | 153,403,000 | 152,186,000 | 149,620,000 | 154,652,000 | 130,926,000 |
| Total asset turnover | 0.46 | 0.47 | 0.46 | 0.45 | 0.48 | 0.48 | 0.47 | 0.44 | 0.43 | 0.30 | 0.32 | 0.34 | 0.35 | 0.36 | 0.36 | 0.37 | 0.38 | 0.52 | 0.50 | 0.60 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $61,860,000K ÷ $135,241,000K
= 0.46
The total asset turnover ratio for International Business Machines Corp. has exhibited some fluctuations over the eight quarters presented in the table. The ratios range from 0.37 to 0.48, with an average around 0.43.
A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets. In this case, the ratios have been relatively consistent around the 0.45 mark, suggesting that IBM is effectively utilizing its assets to generate revenue.
Despite some quarterly variations, the company's ability to generate revenue from its assets appears to be stable and within a moderate range. This consistency may indicate that IBM has a strong operational efficiency in utilizing its assets to generate sales.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Total Asset Turnover (Quarterly Data)