nVent Electric PLC (NVT)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,378,900 | 3,314,100 | 3,194,500 | 3,090,800 | 2,994,600 | 2,923,100 | 2,877,800 | 2,790,500 | 2,688,000 | 2,561,200 | 2,414,500 | 2,289,800 | 2,156,000 | 2,000,600 | 1,970,800 | 2,016,300 | 2,063,700 | 2,153,500 | 2,170,000 | 2,171,400 |
| Total assets | US$ in thousands | 6,188,100 | 6,169,700 | 6,161,700 | 5,925,700 | 5,922,100 | 4,916,400 | 4,902,200 | 4,875,900 | 4,765,600 | 4,703,600 | 4,674,200 | 4,678,900 | 4,709,800 | 4,398,000 | 4,366,100 | 4,410,600 | 4,712,400 | 4,730,200 | 4,640,300 | 4,636,100 |
| Total asset turnover | 0.55 | 0.54 | 0.52 | 0.52 | 0.51 | 0.59 | 0.59 | 0.57 | 0.56 | 0.54 | 0.52 | 0.49 | 0.46 | 0.45 | 0.45 | 0.46 | 0.44 | 0.46 | 0.47 | 0.47 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,378,900K ÷ $6,188,100K
= 0.55
nVent Electric PLC's total asset turnover ratio has fluctuated over the past few quarters, ranging between 0.45 and 0.59. The ratio measures how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
In the recent quarters, the total asset turnover has shown some volatility, with a decreasing trend in the most recent quarters. This may suggest that the company's ability to generate sales from its assets has slightly declined. However, it is important to analyze the trend over a longer period to draw more definitive conclusions about the company's asset utilization efficiency.
Further analysis of the underlying factors affecting the total asset turnover, such as changes in sales volume, asset base, or operational efficiency, would provide additional insights into nVent Electric PLC's financial performance.
Peer comparison
Jun 30, 2024