ManpowerGroup Inc (MAN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,861,200 | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 |
| Total assets | US$ in thousands | 8,201,000 | 8,830,200 | 9,130,400 | 9,828,900 | 9,328,200 |
| Total asset turnover | 2.18 | 2.13 | 2.16 | 2.10 | 1.92 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $17,861,200K ÷ $8,201,000K
= 2.18
The total asset turnover for ManpowerGroup Inc has shown a steady increase over the past five years, starting at 1.92 in December 2020 and reaching 2.18 by December 2024. This indicates that the company is generating more revenue relative to its total assets each year. A higher total asset turnover ratio suggests that the company is using its assets efficiently to generate sales. It signifies that ManpowerGroup Inc is effectively managing its assets to drive revenue growth and maximize operational efficiency. This upward trend in total asset turnover reflects positively on the company's operational performance and efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024