Lennox International Inc (LII)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,341,300 | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 |
| Total assets | US$ in thousands | 3,471,800 | 2,798,300 | 2,567,600 | 2,171,900 | 2,032,500 |
| Total asset turnover | 1.54 | 1.78 | 1.84 | 1.93 | 1.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,341,300K ÷ $3,471,800K
= 1.54
Lennox International Inc's total asset turnover has shown some fluctuations over the past five years. Starting at 1.79 in December 2020, it increased to 1.93 by December 2021, indicating that the company generated $1.93 in revenue for every dollar of assets. However, in December 2022, the total asset turnover decreased to 1.84, before declining further to 1.78 by December 2023. The most recent data point, December 2024, shows a significant drop to 1.54, suggesting that Lennox International Inc's efficiency in utilizing its assets to generate revenue has decreased. Overall, the trend in total asset turnover reflects some variability in the company's asset utilization efficiency over the past five years.
Peer comparison
Dec 31, 2024