Owens Corning Inc (OC)
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 | 10,886,000 | 10,361,000 | 9,794,000 | 9,568,000 | 9,599,000 | 9,515,000 | 9,565,000 | 9,603,000 | 9,618,000 | 9,473,000 | 9,157,000 | 8,795,000 | 8,364,000 | 8,166,000 | 7,857,000 | 7,243,000 | 6,929,000 | 6,822,000 | 6,801,000 | 7,094,000 |
| Total assets | US$ in thousands | 14,075,000 | 15,054,000 | 14,991,000 | 11,269,000 | 11,237,000 | 11,069,000 | 11,001,000 | 10,840,000 | 10,752,000 | 10,721,000 | 10,543,000 | 10,316,000 | 10,015,000 | 9,981,000 | 9,977,000 | 9,560,000 | 9,481,000 | 9,398,000 | 9,370,000 | 9,151,000 |
| Total asset turnover | 0.77 | 0.69 | 0.65 | 0.85 | 0.85 | 0.86 | 0.87 | 0.89 | 0.89 | 0.88 | 0.87 | 0.85 | 0.84 | 0.82 | 0.79 | 0.76 | 0.73 | 0.73 | 0.73 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,886,000K ÷ $14,075,000K
= 0.77
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. For Owens Corning Inc, the total asset turnover has shown a fluctuating trend over the years. From March 31, 2020, to June 30, 2022, the ratio steadily increased from 0.78 to 0.87, indicating an improvement in the company's efficiency in generating sales from its total assets.
However, there was a noticeable decrease in the total asset turnover ratio by the end of June 30, 2024, dropping to 0.65. This decline could be attributed to various factors such as changes in the company's sales strategy, inefficient use of assets, or economic conditions impacting the business operations.
Overall, despite the fluctuations, Owens Corning Inc has generally shown a consistent ability to utilize its assets efficiently to generate revenue, although there may be periods of variance in performance that require further investigation and analysis.