Leggett & Platt Incorporated (LEG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 749,100 | 4,725,300 | 5,146,700 | 5,072,600 | 4,280,200 |
| Total assets | US$ in thousands | 3,661,600 | 4,634,500 | 5,186,100 | 5,307,300 | 4,754,000 |
| Total asset turnover | 0.20 | 1.02 | 0.99 | 0.96 | 0.90 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $749,100K ÷ $3,661,600K
= 0.20
The total asset turnover of Leggett & Platt Incorporated has shown a fluctuating trend over the past five years. In December 31, 2020, the total asset turnover ratio was 0.90, indicating that the company generated $0.90 in revenue for every dollar of assets.
Subsequently, there was a gradual increase in the total asset turnover ratio, reaching 1.02 by December 31, 2023, suggesting a more efficient utilization of assets to generate revenue. However, there was a significant decline in the total asset turnover ratio to 0.20 by December 31, 2024. This sharp decrease may signal potential issues with asset management or a decline in revenue generation efficiency.
Overall, the trend in the total asset turnover ratio indicates fluctuations in the company's ability to efficiently generate revenue from its total assets. It is essential for Leggett & Platt Incorporated to closely monitor and manage its asset turnover to ensure optimal utilization of resources and sustainable growth.
Peer comparison
Dec 31, 2024