Ingersoll Rand Inc (IR)

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 7,235,000 7,157,800 7,035,700 6,916,900 6,876,100 6,678,400 6,455,200 6,208,600 5,916,300 5,711,400 5,520,700 5,359,900 5,152,400 4,952,100 4,739,600 4,485,900 4,059,900 3,012,800 2,497,000 2,100,700
Total assets US$ in thousands 18,009,800 18,206,200 17,838,500 15,529,000 15,563,500 15,154,000 15,028,600 14,995,000 14,765,900 14,225,600 14,221,400 15,104,800 15,154,500 14,922,800 16,176,700 15,861,900 16,058,600 15,610,500 15,433,300 15,358,300
Total asset turnover 0.40 0.39 0.39 0.45 0.44 0.44 0.43 0.41 0.40 0.40 0.39 0.35 0.34 0.33 0.29 0.28 0.25 0.19 0.16 0.14

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,235,000K ÷ $18,009,800K
= 0.40

The total asset turnover of Ingersoll Rand Inc has been gradually increasing from 0.14 in March 2020 to 0.40 in December 2024. This indicates that the company is becoming more efficient in generating revenue relative to its total assets over the specified period. The steady improvement in total asset turnover suggests that Ingersoll Rand is managing its assets more effectively to drive sales growth. However, there was a slight dip in the ratio in June 2024, which may require further investigation to determine the underlying reasons for this fluctuation. Overall, the increasing trend in total asset turnover is a positive sign of operational efficiency and effective asset utilization by Ingersoll Rand Inc.