Itron Inc (ITRI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Total assets | US$ in thousands | 3,407,620 | 2,604,260 | 2,378,080 | 2,393,790 | 2,607,020 |
| Total asset turnover | 0.72 | 0.83 | 0.75 | 0.79 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,441,340K ÷ $3,407,620K
= 0.72
The total asset turnover ratio of Itron Inc has fluctuated over the past five years. In 2020 and 2021, the ratio remained stable at 0.79 times, indicating that for each dollar of total assets, the company generated $0.79 in revenue. However, in 2022, the ratio decreased to 0.75, suggesting a slight dip in efficiency in utilizing assets to generate sales.
The company saw an improvement in 2023 with a total asset turnover of 0.83, indicating an increase in efficiency in generating revenue from its total assets. However, in 2024, there was a notable decline in the ratio to 0.72, signaling a decrease in the company's ability to generate sales from its total assets compared to the previous year.
Overall, the trend in Itron Inc's total asset turnover suggests some fluctuations in asset efficiency over the years, and further analysis would be needed to understand the factors driving these changes.
Peer comparison
Dec 31, 2024