Newell Brands Inc (NWL)
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 | 7,582,000 | 7,709,000 | 7,810,000 | 7,981,000 | 8,133,000 | 8,342,000 | 8,546,000 | 8,876,000 | 9,459,000 | 9,979,000 | 10,514,000 | 10,689,000 | 10,589,000 | 10,473,000 | 10,385,000 | 9,787,000 | 9,385,000 | 9,319,900 | 9,071,500 | 9,077,000 |
| Total assets | US$ in thousands | 11,004,000 | 11,773,000 | 12,048,000 | 12,100,000 | 12,163,000 | 12,572,000 | 13,020,000 | 13,276,000 | 13,262,000 | 14,678,000 | 14,448,000 | 14,204,000 | 14,179,000 | 14,520,000 | 14,620,000 | 14,340,000 | 14,700,000 | 14,720,000 | 14,257,000 | 13,903,000 |
| Total asset turnover | 0.69 | 0.65 | 0.65 | 0.66 | 0.67 | 0.66 | 0.66 | 0.67 | 0.71 | 0.68 | 0.73 | 0.75 | 0.75 | 0.72 | 0.71 | 0.68 | 0.64 | 0.63 | 0.64 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,582,000K ÷ $11,004,000K
= 0.69
The total asset turnover of Newell Brands Inc has shown some fluctuations over the past few years. Starting at 0.65 in March 2020, it decreased slightly to 0.63 by September 2020, before gradually increasing to 0.75 by December 2021. From there, it fluctuated between 0.66 and 0.75 until December 2024. Overall, the total asset turnover ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher ratio suggests better asset utilization and efficiency in generating sales.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Newell Brands Inc
NWL
0.69
AptarGroup Inc
ATR
0.81
Armstrong World Industries Inc
AWI
0.74
Entegris Inc
ENTG
0.39