Ingersoll Rand Inc (IR)
Total asset turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 7,235,000 | 6,876,100 | 5,916,300 | 5,152,400 | 3,973,200 |
Total assets | US$ in thousands | 18,009,800 | 15,563,500 | 14,765,900 | 15,154,500 | 16,058,600 |
Total asset turnover | 0.40 | 0.44 | 0.40 | 0.34 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,235,000K ÷ $18,009,800K
= 0.40
Ingersoll Rand Inc's total asset turnover has shown an upward trend over the past five years, increasing from 0.25 in December 31, 2020, to 0.40 in December 31, 2024. This indicates that the company has become more efficient in generating sales revenue relative to its total assets. A higher total asset turnover ratio signifies that the company is utilizing its assets more effectively to generate revenue. However, it is important to note that the ratio dipped slightly in 2023 before rebounding in 2024. Overall, the increasing trend in total asset turnover is a positive indicator of the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024