nVent Electric PLC (NVT)
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 | 3,289,100 | 3,398,100 | 3,474,900 | 3,397,600 | 3,263,600 | 3,144,000 | 3,030,400 | 2,954,900 | 2,909,000 | 2,836,400 | 2,734,000 | 2,607,800 | 2,462,000 | 2,314,200 | 2,180,700 | 2,026,600 | 1,998,600 | 2,044,100 | 2,094,600 | 2,186,900 |
| Total assets | US$ in thousands | 6,734,900 | 6,918,000 | 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 |
| Total asset turnover | 0.49 | 0.49 | 0.56 | 0.55 | 0.53 | 0.53 | 0.51 | 0.60 | 0.59 | 0.58 | 0.57 | 0.55 | 0.53 | 0.49 | 0.46 | 0.46 | 0.46 | 0.46 | 0.44 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,289,100K ÷ $6,734,900K
= 0.49
nVent Electric PLC's total asset turnover has shown a general increasing trend over the past few years, starting at 0.46 in March 2020 and reaching 0.49 in September 2021, 0.53 in December 2021, and further improving to 0.58 by September 2022. There was a slight dip to 0.51 in June 2023, but the ratio recovered to 0.56 by June 2024. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of operational efficiency. However, the ratio decreased to 0.49 by December 2024, suggesting a potential decline in asset utilization efficiency during that period. Overall, nVent Electric PLC should continue to monitor and manage its asset turnover to ensure optimal utilization of resources to drive revenue growth.
Peer comparison
Dec 31, 2024