Owens Corning Inc (OC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Total assets | US$ in thousands | 14,075,000 | 11,237,000 | 10,752,000 | 10,015,000 | 9,481,000 |
| Total asset turnover | 0.77 | 0.85 | 0.89 | 0.84 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,886,000K ÷ $14,075,000K
= 0.77
Owens Corning Inc's total asset turnover has shown a fluctuating trend over the past five years. The ratio increased from 0.73 in December 2020 to 0.89 in December 2022, indicating that the company generated $0.89 in revenue for every $1 of total assets invested. However, in the subsequent years, the total asset turnover ratio slightly decreased to 0.85 in December 2023 and further declined to 0.77 in December 2024. This suggests that the company's efficiency in utilizing its total assets to generate revenue has decreased. Overall, Owens Corning Inc's total asset turnover reflects varying levels of asset efficiency over the period under consideration.