Mohawk Industries Inc (MHK)
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 | 11,069,310 | 11,102,500 | 11,254,030 | 11,474,710 | 11,672,300 | 11,785,660 | 11,686,880 | 11,483,230 | 11,131,870 | 11,030,910 | 10,787,740 | 9,889,430 | 9,505,800 | 9,288,550 | 9,244,070 | 9,776,680 | 9,939,820 | 9,963,930 | 9,986,970 | 9,980,730 |
| Total assets | US$ in thousands | 13,559,900 | 13,138,500 | 14,585,200 | 14,763,500 | 14,120,400 | 13,801,000 | 14,689,500 | 14,386,700 | 14,224,500 | 14,450,300 | 14,792,800 | 14,290,100 | 14,327,800 | 13,784,200 | 13,369,400 | 13,256,900 | 13,386,700 | 13,392,800 | 13,806,100 | 13,605,100 |
| Total asset turnover | 0.82 | 0.85 | 0.77 | 0.78 | 0.83 | 0.85 | 0.80 | 0.80 | 0.78 | 0.76 | 0.73 | 0.69 | 0.66 | 0.67 | 0.69 | 0.74 | 0.74 | 0.74 | 0.72 | 0.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,069,310K ÷ $13,559,900K
= 0.82
The total asset turnover ratio for Mohawk Industries, Inc. fluctuated over the past eight quarters, ranging from 0.78 to 0.86. This ratio indicates the efficiency with which the company is utilizing its assets to generate revenue. A higher ratio typically suggests better efficiency in asset utilization.
From the data provided, in the most recent quarter (Q4 2023), the total asset turnover was 0.82, which was a slight decrease from the previous quarter's 0.85. This decrease may indicate a decrease in the company's ability to generate sales relative to its total assets.
Comparing Q4 2023 data with the same quarter in the prior year (Q4 2022), despite the decrease, the total asset turnover remains relatively stable at 0.83 in Q4 2022.
Overall, the trend in total asset turnover for Mohawk Industries, Inc. appears to be relatively stable with minor fluctuations over the analyzed period. It would be useful to further investigate the company's operational performance and efficiency to understand the factors contributing to these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023