Lennox International Inc (LII)
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 | 5,341,300 | 5,151,100 | 5,019,300 | 4,979,600 | 4,981,900 | 4,920,900 | 4,799,500 | 4,754,400 | 4,718,400 | 4,589,400 | 4,404,400 | 4,277,100 | 4,194,200 | 4,143,400 | 4,138,500 | 3,840,800 | 3,634,100 | 3,605,100 | 3,583,000 | 3,740,800 |
| Total assets | US$ in thousands | 3,471,800 | 3,313,200 | 3,221,900 | 2,985,400 | 2,798,300 | 2,890,100 | 2,981,300 | 2,770,400 | 2,567,600 | 2,625,800 | 2,659,000 | 2,456,900 | 2,171,900 | 2,123,500 | 2,204,700 | 2,075,000 | 2,032,500 | 1,981,200 | 2,124,300 | 2,128,400 |
| Total asset turnover | 1.54 | 1.55 | 1.56 | 1.67 | 1.78 | 1.70 | 1.61 | 1.72 | 1.84 | 1.75 | 1.66 | 1.74 | 1.93 | 1.95 | 1.88 | 1.85 | 1.79 | 1.82 | 1.69 | 1.76 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,341,300K ÷ $3,471,800K
= 1.54
The total asset turnover ratio for Lennox International Inc has been fluctuating over the years. It indicates how efficiently the company is generating sales revenue from its total assets.
From March 31, 2020, to December 31, 2021, the total asset turnover ratio showed a general increasing trend, reaching a peak of 1.95 on September 30, 2021, suggesting that the company was able to generate more sales for each dollar of assets during this period. However, the ratio declined to 1.66 by June 30, 2022, indicating a decrease in efficiency in utilizing its total assets to generate revenue.
From March 31, 2023, to December 31, 2024, the total asset turnover ratio fluctuated within the range of 1.54 to 1.78. The decline in the ratio from March 31, 2024, to June 30, 2024, suggests a decrease in sales generated relative to total assets.
Overall, the trend in the total asset turnover ratio for Lennox International Inc shows some periods of improvement in asset utilization efficiency, followed by declines. It is crucial for the company to maintain a balance between sales generation and asset efficiency to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024