LKQ Corporation (LKQ)
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 | 14,355,000 | 14,499,000 | 14,483,000 | 14,220,000 | 13,866,000 | 13,366,000 | 12,902,000 | 12,795,000 | 12,794,000 | 12,978,990 | 13,171,600 | 13,265,710 | 13,088,500 | 12,856,400 | 12,607,470 | 11,798,680 | 11,628,830 | 11,684,800 | 11,784,890 | 12,406,740 |
| Total assets | US$ in thousands | 14,955,000 | 15,466,000 | 15,211,000 | 15,270,000 | 15,079,000 | 15,168,000 | 14,155,000 | 12,508,000 | 12,038,000 | 11,666,000 | 12,134,000 | 12,778,000 | 12,606,200 | 12,460,900 | 12,438,100 | 12,665,500 | 12,360,500 | 12,161,200 | 12,035,300 | 12,354,100 |
| Total asset turnover | 0.96 | 0.94 | 0.95 | 0.93 | 0.92 | 0.88 | 0.91 | 1.02 | 1.06 | 1.11 | 1.09 | 1.04 | 1.04 | 1.03 | 1.01 | 0.93 | 0.94 | 0.96 | 0.98 | 1.00 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,355,000K ÷ $14,955,000K
= 0.96
Total asset turnover is a financial ratio that measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Analyzing LKQ Corporation's total asset turnover from March 31, 2020, to December 31, 2024, reveals fluctuations in the efficiency of asset utilization over time. The ratio ranged from 0.88 to 1.11 during this period.
Initially, the total asset turnover was relatively stable around 1.00 from March 2020 to September 2021, indicating consistent asset utilization efficiency. However, starting in June 2022, the ratio began to increase, reaching a peak of 1.11 by September 30, 2022, suggesting improved efficiency in generating revenue from assets.
Subsequently, there was a slight decline in total asset turnover by December 31, 2022, and the ratio fluctuated between 0.88 and 1.04 until December 31, 2024. These fluctuations may indicate changes in the company's operational efficiency and asset management practices during this period.
Overall, monitoring LKQ Corporation's total asset turnover provides insights into its ability to effectively utilize assets to generate revenue. fluctuations in this ratio can signal changes in the company's operational efficiency and may warrant further analysis to understand the underlying factors driving these trends.