Leggett & Platt Incorporated (LEG)

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 4,669,900 4,785,800 4,940,100 5,091,100 5,203,900 5,345,700 5,373,000 5,307,800 5,133,700 4,979,500 4,865,900 4,433,300 4,329,000 4,294,100 4,327,500 4,703,600 4,813,000 4,521,700 4,442,600 4,400,000
Total assets US$ in thousands 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 4,800,000 4,663,800 4,582,100 4,982,000 4,855,400 4,857,800 5,002,000 4,953,800
Total asset turnover 1.01 0.94 0.96 0.97 1.00 1.03 1.03 0.99 0.97 0.95 0.94 0.90 0.90 0.92 0.94 0.94 0.99 0.93 0.89 0.89

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,669,900K ÷ $4,634,500K
= 1.01

The total asset turnover of Leggett & Platt, Inc. has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.95 in Q3 2023 to a high of 1.02 in Q4 2023 and Q2 2022. The overall trend indicates that the company is efficient in generating sales revenue relative to its total assets, as the ratio has generally been above 1.0. This suggests that Leggett & Platt is effectively utilizing its assets to generate sales.

However, the slight variations in the total asset turnover ratio over the period may indicate changes in the company's asset management efficiency and sales performance. Further analysis would be required to determine the specific factors driving these fluctuations and their impact on the company's overall financial performance and operations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
Leggett & Platt Incorporated
LEG
1.01
La-Z-Boy Incorporated
LZB
1.07
Tempur Sealy International Inc
TPX
1.08