International Business Machines (IBM)
Total asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 64,365,000 | 61,563,000 | 62,070,000 | 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 |
| Total assets | US$ in thousands | 137,175,000 | 134,339,000 | 137,169,000 | 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 |
| Total asset turnover | 0.47 | 0.46 | 0.45 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $64,365,000K ÷ $137,175,000K
= 0.47
The total asset turnover ratio of International Business Machines (IBM) has shown fluctuations over the given period. The ratio measures how efficiently the company is generating revenue from its assets.
From December 31, 2019 to September 30, 2021, the total asset turnover decreased gradually from 0.38 to 0.30. This decline suggests that IBM's ability to generate sales from its assets was weakening during this time.
However, from December 31, 2021 to December 31, 2024, there was a noticeable improvement in the total asset turnover ratio, increasing from 0.43 to 0.47. This upward trend indicates that IBM was able to generate more revenue relative to its total assets during this period.
Overall, while there were fluctuations in the total asset turnover ratio, the recent increase from December 31, 2021 to December 31, 2024 is a positive sign of improved asset utilization efficiency at IBM. Analysts may want to further investigate the factors contributing to this improvement to assess the company's operational performance.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Total Asset Turnover (Quarterly Data)