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.