Lear Corporation (LEA)

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	46,841,200	44,599,700	44,046,700	43,128,300	42,449,200	40,184,400	39,218,700	38,963,900	39,129,000	19,603,000	20,263,000	17,919,300	17,024,400	16,598,800	16,494,400	19,023,900	19,727,600	19,852,400	19,920,300	20,507,400
Total assets	US$ in thousands	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	12,680,700	12,753,300	12,847,700	12,362,000
Total asset turnover		3.19	3.05	2.98	2.99	3.08	3.00	2.94	2.84	2.93	1.50	1.53	1.34	1.29	1.29	1.34	1.46	1.56	1.56	1.55	1.66

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $46,841,200K ÷ $14,695,500K
= 3.19

Lear Corp.'s total asset turnover has shown a positive trend over the past eight quarters, indicating the company's ability to generate revenue relative to its asset base. The average total asset turnover ratio over this period is approximately 1.51, reflecting a consistent performance in utilizing its assets efficiently to drive sales.

The increasing trend in total asset turnover from 1.39 in Q1 2022 to 1.60 in Q4 2023 suggests that Lear Corp. has been improving its efficiency in generating revenue from its assets. This is a positive sign of operational effectiveness and could indicate better management of inventory, receivables, and fixed assets.

Furthermore, the total asset turnover ratios consistently above 1.0 indicate that the company is generating more in sales revenue for each dollar invested in assets. This signifies that Lear Corp. has been effectively utilizing its assets to support its revenue generation activities.

Overall, Lear Corp.'s total asset turnover ratios suggest that the company is efficiently managing its asset base to drive sales growth and maximize returns for its shareholders.