Gartner Inc (IT)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 | 4,181,240 |
| Total assets | US$ in thousands | 7,835,920 | 7,299,740 | 7,416,320 | 7,315,970 | 7,151,290 |
| Total asset turnover | 0.77 | 0.75 | 0.63 | 0.55 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,999,420K ÷ $7,835,920K
= 0.77
The total asset turnover ratio for Gartner, Inc. has shown a relatively stable trend over the last five years. The ratio remained at around 0.75 for both 2023 and 2022, indicating that the company generated $0.75 in revenue for every dollar of assets it held during those years. This suggests that Gartner efficiently utilized its assets to generate sales revenue.
Comparing to previous years, there was an improvement in total asset turnover from 2021 to 2022. However, a significant increase was observed from 2020 to 2021 where the ratio jumped from 0.56 to 0.64. This indicates that the company enhanced its efficiency in utilizing assets to generate revenue during the year 2021.
Despite some fluctuations, the overall trend of the total asset turnover ratio for Gartner, Inc. demonstrates effective asset management and an ability to generate revenue from its asset base. It's important for the company to continue monitoring and improving this ratio to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2023