Oshkosh Corporation (OSK)

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	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	Dec 31, 2018
Revenue (ttm)	US$ in thousands	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800	8,231,100	8,026,400	7,922,600
Total assets	US$ in thousands	9,129,200	8,855,100	8,044,300	7,916,400	7,729,000	6,964,400	6,859,900	6,974,500	7,035,700	6,706,300	6,343,800	6,016,400	5,815,900	5,760,300	5,861,900	5,556,200	5,566,300	5,446,400	5,469,400	5,030,100
Total asset turnover		1.05	1.06	1.11	1.08	1.07	1.16	1.20	1.16	1.09	1.11	1.07	1.11	1.17	1.25	1.37	1.49	1.50	1.51	1.47	1.58

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,599,300K ÷ $9,129,200K
= 1.05

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its total assets. It indicates how well a company is utilizing its assets to generate sales. In the case of Oshkosh Corp, the total asset turnover ratio has fluctuated over the past eight quarters, ranging from 1.06 to 1.21.

The company's total asset turnover ratio was at its highest in Q2 2022 at 1.21, indicating that Oshkosh Corp generated $1.21 in sales for every $1 of total assets during that quarter. This suggests efficient asset utilization in generating revenue. However, the ratio decreased in subsequent quarters, reaching its lowest point of 1.06 in Q4 2023 and Q3 2023, which may indicate a decrease in the company's ability to generate revenue from its assets during those periods.

Overall, the trend in Oshkosh Corp's total asset turnover ratio suggests some fluctuations in asset efficiency over the past eight quarters. It is important for the company to closely monitor and manage its asset turnover to ensure optimal utilization of assets in generating revenue.