Oshkosh Corporation (OSK)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	9,608,800	8,231,100	7,695,300	6,803,800	8,333,600
Total assets	US$ in thousands	9,129,200	7,729,000	7,035,700	5,815,900	5,566,300
Total asset turnover		1.05	1.06	1.09	1.17	1.50

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $9,608,800K ÷ $9,129,200K
= 1.05

Oshkosh Corp's total asset turnover has been gradually decreasing over the past five years. The ratio stood at 1.51 in September 2019, declining to 1.06 by December 2023. This suggests that the company is generating less revenue relative to its total assets in recent years. A lower total asset turnover may indicate inefficiency in asset utilization or a decline in sales generated from the company's asset base. Further investigation into the company's operations and financial performance is recommended to understand the underlying reasons for the decreasing trend in total asset turnover.