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