Lennox International Inc (LII)
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 | 4,981,900 | 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 | 3,807,300 | 3,765,900 | 3,763,200 | 3,839,500 |
| Total assets | US$ in thousands | 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 | 2,034,900 | 2,214,800 | 2,340,400 | 2,105,700 |
| Total asset turnover | 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 | 1.87 | 1.70 | 1.61 | 1.82 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,981,900K ÷ $2,798,300K
= 1.78
Lennox International Inc's total asset turnover has displayed some fluctuation in recent quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover typically suggests better asset utilization.
In Q4 2023, the total asset turnover was 1.78, which was the highest in the past eight quarters. It indicates that Lennox International Inc generated $1.78 in revenue for every dollar of assets it had during that period.
Although there were fluctuations in the total asset turnover in the preceding quarters, the ratios remained above 1.5, indicating a generally efficient use of assets to generate revenue.
Overall, the trend in Lennox International Inc's total asset turnover suggests a relatively stable and efficient management of assets to drive sales. However, it is essential to monitor future quarters to assess the sustainability of this trend.
Peer comparison
Dec 31, 2023