ODP Corp (ODP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,990,000 | 7,831,000 | 8,491,000 | 8,465,000 | 9,710,000 |
| Total assets | US$ in thousands | 3,529,000 | 3,886,000 | 4,149,000 | 4,865,000 | 5,558,000 |
| Total asset turnover | 1.98 | 2.02 | 2.05 | 1.74 | 1.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,990,000K ÷ $3,529,000K
= 1.98
Based on the provided data, ODP Corp's total asset turnover has shown some fluctuations over the years.
- In December 31, 2020, the total asset turnover was 1.75, indicating that the company generated $1.75 in sales for every $1 of assets it had during that period.
- This ratio slightly decreased to 1.74 by December 31, 2021, suggesting a slight decline in the efficiency of asset utilization.
- However, there was a significant improvement in asset turnover by December 31, 2022, reaching 2.05, implying that the company generated $2.05 in sales for each dollar of assets owned.
- The trend continued in the following years, with total asset turnover remaining relatively high at 2.02 by December 31, 2023, and 1.98 by December 31, 2024.
Overall, the increasing trend in total asset turnover from 2020 to 2023 indicates that ODP Corp has been more efficient in utilizing its assets to generate sales. However, the slight decline in 2024 may suggest a need for management to monitor asset utilization to maintain efficiency in the future.
Peer comparison
Dec 31, 2024