Lear Corporation (LEA)
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 | 23,304,900 | 23,431,500 | 23,628,100 | 23,616,000 | 23,466,900 | 22,996,600 | 22,456,800 | 21,528,600 | 20,891,500 | 20,400,400 | 19,427,400 | 19,117,100 | 19,263,100 | 19,626,500 | 20,258,400 | 17,942,200 | 17,045,500 | 16,619,900 | 16,544,800 | 19,107,900 |
| Total assets | US$ in thousands | 14,027,500 | 14,818,100 | 14,681,900 | 14,872,000 | 14,695,500 | 14,613,700 | 14,798,500 | 14,404,200 | 13,763,000 | 13,379,200 | 13,345,400 | 13,727,300 | 13,352,400 | 13,046,000 | 13,263,700 | 13,422,500 | 13,198,600 | 12,894,700 | 12,269,000 | 13,022,300 |
| Total asset turnover | 1.66 | 1.58 | 1.61 | 1.59 | 1.60 | 1.57 | 1.52 | 1.49 | 1.52 | 1.52 | 1.46 | 1.39 | 1.44 | 1.50 | 1.53 | 1.34 | 1.29 | 1.29 | 1.35 | 1.47 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,304,900K ÷ $14,027,500K
= 1.66
Total asset turnover for Lear Corporation has shown a fluctuating trend over the past few years, starting at 1.47 in March 2020 and reaching a peak of 1.66 by December 2024. This ratio signifies how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
The variations in the total asset turnover ratio could be influenced by changes in revenue generation and asset management strategies within the company. It is important to assess the reasons behind these fluctuations to understand the effectiveness of asset utilization and overall operational efficiency.
Overall, the increasing trend in total asset turnover from 2020 to 2024 suggests that Lear Corporation has been improving its asset utilization efficiency, which is a positive signal for investors and stakeholders. However, it is crucial to continue monitoring this ratio to ensure sustained operational effectiveness and profitability in the long term.
Peer comparison
Dec 31, 2024