ITT Inc (ITT)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,630,700 | 3,530,800 | 3,467,700 | 3,395,700 | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 |
| Total assets | US$ in thousands | 4,710,700 | 4,944,500 | 4,410,300 | 4,403,700 | 3,932,600 | 3,802,300 | 3,885,400 | 3,767,800 | 3,780,300 | 3,690,200 | 3,699,900 | 3,725,600 | 3,565,400 | 3,454,200 | 3,462,300 | 4,179,700 | 4,277,600 | 4,176,400 | 4,151,300 | 4,276,600 |
| Total asset turnover | 0.77 | 0.71 | 0.79 | 0.77 | 0.83 | 0.85 | 0.81 | 0.81 | 0.79 | 0.79 | 0.77 | 0.75 | 0.78 | 0.81 | 0.78 | 0.60 | 0.58 | 0.60 | 0.63 | 0.66 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,630,700K ÷ $4,710,700K
= 0.77
Total asset turnover is a measure of a company's efficiency in generating sales revenue from its total assets. For ITT Inc, the total asset turnover ratio has fluctuated over the past few years. It was 0.66 as of March 31, 2020, and decreased to 0.63 by June 30, 2020. The ratio continued to decline to 0.58 by December 31, 2020, indicating a decrease in sales generated per dollar of assets.
However, there was a slight improvement in total asset turnover to 0.60 by March 31, 2021, before significant increases were observed in the following quarters. The ratio rose to 0.78 by June 30, 2021, and further increased to 0.81 by September 30, 2021. This trend of improvement continued as the ratio remained at 0.78 by December 31, 2021, and increased to 0.75 by March 31, 2022.
Subsequently, total asset turnover reached 0.77 by June 30, 2022, and continued to improve to 0.79 by September 30, 2022, and maintained this level until December 31, 2022. The ratio further increased to 0.81 by March 31, 2023, and remained stable at 0.81 by June 30, 2023.
ITT Inc experienced a peak in total asset turnover at 0.85 by September 30, 2023, before slightly decreasing to 0.83 by December 31, 2023. The ratio then declined to 0.77 by March 31, 2024, before rebounding to 0.79 by June 30, 2024.
Overall, ITT Inc's total asset turnover ratio has shown fluctuations over the periods analyzed, with periods of improvement followed by slight declines. This metric is important for understanding how efficiently the company is utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2024