Ingersoll Rand Inc (IR)
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 | 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 | 2,017,500 | 2,558,800 | 2,651,400 | 2,690,500 |
| Total assets | US$ in thousands | 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 | 4,628,400 | 4,553,800 | 4,594,300 | 4,566,800 |
| Total asset turnover | 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 | 0.44 | 0.56 | 0.58 | 0.59 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,876,100K ÷ $15,563,500K
= 0.44
Ingersoll-Rand Inc's total asset turnover has been gradually improving over the past eight quarters, reflecting the company's efficiency in generating sales revenue from its total assets. The ratio has shown a consistent upward trend, increasing from 0.34 in Q1 2022 to 0.44 in Q4 2023. This indicates that the company is utilizing its assets more effectively to drive sales, which is a positive sign of operational efficiency and strength in revenue generation. The increasing total asset turnover ratio suggests that Ingersoll-Rand is efficiently managing its assets to maximize sales, which could potentially lead to enhanced profitability and value creation for the company and its shareholders.
Peer comparison
Dec 31, 2023