ODP Corp (ODP)
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 | 7,821,000 | 8,121,000 | 8,288,000 | 8,415,000 | 8,480,000 | 8,416,000 | 8,417,000 | 8,667,000 | 8,853,000 | 9,099,000 | 9,460,000 | 9,315,000 | 9,663,000 | 9,883,000 | 10,111,000 | 10,541,000 | 10,580,000 | 10,727,000 | 10,822,000 | 10,854,000 |
| Total assets | US$ in thousands | 3,886,000 | 3,980,000 | 3,961,000 | 4,041,000 | 4,149,000 | 4,418,000 | 4,474,000 | 4,529,000 | 4,865,000 | 5,351,000 | 5,378,000 | 5,598,000 | 5,614,000 | 5,745,000 | 5,865,000 | 6,454,000 | 7,311,000 | 7,343,000 | 7,353,000 | 7,471,000 |
| Total asset turnover | 2.01 | 2.04 | 2.09 | 2.08 | 2.04 | 1.90 | 1.88 | 1.91 | 1.82 | 1.70 | 1.76 | 1.66 | 1.72 | 1.72 | 1.72 | 1.63 | 1.45 | 1.46 | 1.47 | 1.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,821,000K ÷ $3,886,000K
= 2.01
The total asset turnover ratio for ODP Corp has shown a fluctuating trend over the past several quarters. The ratio measures the company's ability to generate revenue from its assets, with higher ratios indicating more efficient asset utilization.
From Dec 2019 to Dec 2023, the total asset turnover ratio ranged from 1.45 to 2.09, experiencing variations in performance. The ratio peaked at 2.09 in Jun 2023, signifying that the company generated $2.09 in revenue for every dollar of assets held. This suggests an improvement in asset management efficiency during that period.
Overall, the company has managed to maintain relatively healthy asset turnover levels, averaging around 1.80 over the past few years. It is essential for ODP Corp to focus on optimizing its asset utilization to sustain or improve its total asset turnover in order to maximize revenue generation from its assets.
Peer comparison
Dec 31, 2023