Newell Brands Inc (NWL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,582,000 | 8,133,000 | 9,459,000 | 10,589,000 | 9,385,000 |
| Total assets | US$ in thousands | 11,004,000 | 12,163,000 | 13,262,000 | 14,179,000 | 14,700,000 |
| Total asset turnover | 0.69 | 0.67 | 0.71 | 0.75 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,582,000K ÷ $11,004,000K
= 0.69
The total asset turnover of Newell Brands Inc has shown a fluctuating trend over the past five years. In December 31, 2020, the total asset turnover was 0.64, indicating that the company generated $0.64 in sales for every dollar of assets. This ratio increased to 0.75 by December 31, 2021, reflecting an improvement in efficiency in utilizing its assets to generate revenue.
However, in the subsequent years, there was a slight decline in total asset turnover. By December 31, 2022, the ratio decreased to 0.71, and further dropped to 0.67 by December 31, 2023. This suggests that the company may not be generating as much revenue relative to its asset base during these periods.
By December 31, 2024, the total asset turnover had slightly improved to 0.69, indicating a modest increase in efficiency in utilizing its assets to generate sales. Overall, although there have been fluctuations in total asset turnover, it is important for Newell Brands Inc to continue monitoring and improving its asset utilization efficiency to enhance overall performance and profitability.
Peer comparison
Dec 31, 2024