Gartner Inc (IT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,313,080 | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 |
| Total assets | US$ in thousands | 8,534,670 | 7,835,920 | 7,299,740 | 7,416,320 | 7,315,970 |
| Total asset turnover | 0.74 | 0.77 | 0.75 | 0.63 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,313,080K ÷ $8,534,670K
= 0.74
The total asset turnover ratio measures how efficiently a company generates revenue from its total assets. For Gartner Inc, the trend in total asset turnover has been increasing over the five-year period from 2020 to 2024.
In 2020, the total asset turnover ratio was 0.55, indicating that Gartner generated $0.55 in revenue for every $1 of total assets. The ratio improved to 0.63 in 2021, 0.75 in 2022, and further to 0.77 in 2023, showing a consistent upward trend in asset utilization efficiency.
However, there was a slight dip in 2024, with the total asset turnover ratio declining to 0.74. Despite this decrease, the ratio remains relatively high, suggesting that Gartner continues to effectively generate revenue from its total assets.
Overall, the increasing trend in total asset turnover indicates that Gartner has been leveraging its assets more efficiently to generate revenue over the five-year period, which can be a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024