Gartner Inc (IT)
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 | 5,994,280 | 5,975,660 | 5,887,990 | 5,754,690 | 5,470,940 | 5,210,450 | 5,032,650 | 4,824,550 | 4,680,250 | 4,501,760 | 4,292,403 | 4,095,451 | 3,995,091 | 4,067,621 | 4,128,212 | 4,231,074 | 4,170,966 | 4,439,036 | 4,360,132 | 4,292,904 |
| Total assets | US$ in thousands | 7,835,920 | 7,244,400 | 7,355,930 | 7,378,930 | 7,299,740 | 6,525,950 | 6,590,590 | 6,985,450 | 7,416,320 | 6,994,640 | 7,188,340 | 6,937,860 | 7,315,970 | 6,840,600 | 6,810,290 | 6,800,350 | 7,151,290 | 6,737,340 | 6,729,640 | 6,714,680 |
| Total asset turnover | 0.76 | 0.82 | 0.80 | 0.78 | 0.75 | 0.80 | 0.76 | 0.69 | 0.63 | 0.64 | 0.60 | 0.59 | 0.55 | 0.59 | 0.61 | 0.62 | 0.58 | 0.66 | 0.65 | 0.64 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,994,280K ÷ $7,835,920K
= 0.76
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue from its assets. For Gartner, Inc., the total asset turnover has exhibited some variability over the past eight quarters, ranging from 0.70 to 0.81.
On average, Gartner's total asset turnover appears to be relatively stable, with a mean value of approximately 0.77. This suggests that, on average, Gartner generates $0.77 in revenue for every $1 of total assets.
However, it is important to note the fluctuation in the ratio over time, indicating potential changes in the efficiency of asset utilization. A higher total asset turnover implies that the company is more efficient in using its assets to generate revenue, while a lower ratio may indicate inefficiencies in asset utilization or a shift in the company's business model.
Overall, further analysis of Gartner's operations and industry benchmarks would be required to assess the company's performance in effectively utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2023