Newell Brands Inc (NWL)
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 | 7,824,000 | 8,126,000 | 8,321,000 | 8,682,000 | 9,281,000 | 9,801,000 | 10,341,000 | 10,501,000 | 10,403,000 | 10,161,000 | 10,057,000 | 9,530,000 | 9,197,000 | 9,635,400 | 9,421,500 | 9,419,900 | 9,220,300 | 8,547,100 | 8,413,200 | 8,503,900 |
| Total assets | US$ in thousands | 12,163,000 | 12,572,000 | 13,020,000 | 13,276,000 | 13,262,000 | 14,678,000 | 14,448,000 | 14,204,000 | 14,269,000 | 14,520,000 | 14,620,000 | 14,340,000 | 14,700,000 | 14,720,000 | 14,257,000 | 13,903,000 | 15,642,000 | 16,010,200 | 17,666,300 | 18,106,100 |
| Total asset turnover | 0.64 | 0.65 | 0.64 | 0.65 | 0.70 | 0.67 | 0.72 | 0.74 | 0.73 | 0.70 | 0.69 | 0.66 | 0.63 | 0.65 | 0.66 | 0.68 | 0.59 | 0.53 | 0.48 | 0.47 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,824,000K ÷ $12,163,000K
= 0.64
The total asset turnover ratio for Newell Brands Inc has been relatively consistent over the past several quarters, ranging from 0.66 to 0.75. This ratio measures the efficiency of the company in generating sales revenue relative to its total assets.
A total asset turnover ratio of less than 1 indicates that the company is not effectively utilizing its assets to generate sales. In the case of Newell Brands Inc, the ratios fall within this range, suggesting that the company may have room for improvement in terms of optimizing its asset utilization.
The slight fluctuations in the ratio over the quarters may be indicative of changes in the company's sales performance or asset management strategies. A decrease in the total asset turnover ratio could indicate inefficiencies in asset utilization or challenges in generating sales revenue, while an increase may point towards improved efficiency.
Overall, a stable but relatively low total asset turnover ratio for Newell Brands Inc implies that the company may benefit from evaluating its asset allocation and sales strategies to enhance its operational efficiency and generate higher revenues relative to its asset base.
Peer comparison
Dec 31, 2023