O’Reilly Automotive Inc (ORLY)

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	16,708,480	16,444,900	16,283,840	16,080,630	15,812,250	15,624,720	15,219,960	14,821,710	14,409,860	14,056,860	13,737,810	13,532,670	13,327,560	12,864,840	12,592,910	12,218,910	11,604,500	11,258,710	10,717,600	10,215,870
Total assets	US$ in thousands	14,893,700	14,577,500	14,393,200	14,213,100	14,603,800	13,551,800	13,276,600	12,972,800	12,628,000	12,238,000	12,067,700	11,760,400	11,718,700	11,789,400	11,949,300	11,850,900	11,596,600	12,504,000	11,728,500	11,108,900
Total asset turnover		1.12	1.13	1.13	1.13	1.08	1.15	1.15	1.14	1.14	1.15	1.14	1.15	1.14	1.09	1.05	1.03	1.00	0.90	0.91	0.92

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,708,480K ÷ $14,893,700K
= 1.12

Based on the data provided, O’Reilly Automotive Inc's total asset turnover has shown a fluctuating but overall improving trend from 0.92 in March 2020 to 1.12 in December 2024.

The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. An increase in the total asset turnover ratio over time suggests that the company is becoming more efficient in using its assets to generate sales.

Although there were some fluctuations in the ratio over the years, it reached a peak of 1.15 in March 2023, which indicates that O’Reilly Automotive Inc was able to generate $1.15 in sales for every dollar of assets during that period.

However, it slightly decreased to 1.12 by December 2024. This decrease may indicate potential inefficiencies in asset utilization or changes in the company's operations during that period.

Overall, the trend of increasing total asset turnover is a positive sign for O’Reilly Automotive Inc as it shows improvements in asset productivity and efficiency in generating revenue.