Itron Inc (ITRI)
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 | 2,168,374 | 2,058,238 | 1,919,092 | 1,810,221 | 1,789,196 | 1,772,212 | 1,837,352 | 1,882,538 | 1,918,727 | 1,982,641 | 2,027,694 | 2,050,196 | 2,129,627 | 2,242,805 | 2,325,037 | 2,448,668 | 2,462,571 | 2,421,232 | 2,391,417 | 2,341,121 |
| Total assets | US$ in thousands | 2,604,260 | 2,511,410 | 2,498,640 | 2,445,920 | 2,378,080 | 2,316,780 | 2,307,600 | 2,419,820 | 2,393,790 | 2,422,770 | 2,488,580 | 2,927,970 | 2,607,020 | 3,015,920 | 3,012,140 | 3,071,750 | 2,707,840 | 2,675,890 | 2,706,350 | 2,696,620 |
| Total asset turnover | 0.83 | 0.82 | 0.77 | 0.74 | 0.75 | 0.76 | 0.80 | 0.78 | 0.80 | 0.82 | 0.81 | 0.70 | 0.82 | 0.74 | 0.77 | 0.80 | 0.91 | 0.90 | 0.88 | 0.87 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,168,374K ÷ $2,604,260K
= 0.83
Itron Inc.'s total asset turnover has fluctuated over the past eight quarters, ranging from 0.74 to 0.83. A higher total asset turnover ratio indicates that the company is generating more revenue relative to its total assets. The trend in Itron Inc.'s total asset turnover suggests that the company's efficiency in generating sales from its assets has experienced variation. In the most recent quarter (Q4 2023), the total asset turnover stood at 0.83, showing an improvement compared to the previous quarter. It is essential for the company to monitor and manage this ratio effectively to ensure optimal utilization of its assets and enhance overall financial performance.
Peer comparison
Dec 31, 2023