Linde plc Ordinary Shares (LIN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 33,005,000 | 32,854,000 | 33,364,000 | 30,793,000 | 27,243,000 |
| Total assets | US$ in thousands | 80,147,000 | 80,811,000 | 79,658,000 | 81,605,000 | 88,229,000 |
| Total asset turnover | 0.41 | 0.41 | 0.42 | 0.38 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,005,000K ÷ $80,147,000K
= 0.41
The total asset turnover of Linde plc Ordinary Shares has shown a consistent upward trend over the past five years. Starting at 0.31 in December 2020, it saw steady growth to reach 0.42 by December 2022. However, there was a slight decline in the subsequent years, with the ratio stabilizing at around 0.41 by December 2023 and 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting an efficient utilization of resources to drive sales. Overall, the increasing trend in total asset turnover suggests improved asset efficiency and the company's ability to generate sales from its asset base.
Peer comparison
Dec 31, 2024