Leggett & Platt Incorporated (LEG)
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 | 4,384,300 | 4,443,000 | 4,516,700 | 4,608,700 | 4,725,300 | 4,806,000 | 4,925,000 | 5,038,000 | 5,146,700 | 5,283,800 | 5,308,600 | 5,244,000 | 5,072,600 | 4,921,700 | 4,810,100 | 4,385,600 | 4,280,200 | 4,243,100 | 4,274,800 | 4,642,900 |
| Total assets | US$ in thousands | 3,661,600 | 3,780,100 | 3,838,800 | 4,614,800 | 4,634,500 | 5,077,600 | 5,144,300 | 5,270,000 | 5,186,100 | 5,175,200 | 5,230,600 | 5,341,800 | 5,307,300 | 5,235,100 | 5,150,100 | 4,911,600 | 4,754,000 | 4,663,800 | 4,582,100 | 4,982,000 |
| Total asset turnover | 1.20 | 1.18 | 1.18 | 1.00 | 1.02 | 0.95 | 0.96 | 0.96 | 0.99 | 1.02 | 1.01 | 0.98 | 0.96 | 0.94 | 0.93 | 0.89 | 0.90 | 0.91 | 0.93 | 0.93 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,384,300K ÷ $3,661,600K
= 1.20
The total asset turnover ratio of Leggett & Platt Incorporated has shown a fluctuating trend over the period under review. The ratio, which measures how efficiently the company is utilizing its assets to generate revenue, started at 0.93 in March 2020 and remained relatively stable until June 2021, hovering around the range of 0.89 to 0.93.
From June 2021 onwards, there was a noticeable improvement in the total asset turnover ratio, indicating that the company was generating more revenue for every dollar of assets it held. The ratio increased steadily to reach its peak of 1.20 by December 2024.
This upward trend suggests that Leggett & Platt Incorporated has been able to improve its operational efficiency and effectively utilize its assets to drive revenue growth during the period in review. A higher total asset turnover ratio is generally considered favorable as it indicates that the company is managing its assets efficiently to generate sales.
Peer comparison
Dec 31, 2024