Otis Worldwide Corp (OTIS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Total assets | US$ in thousands | 11,316,000 | 10,117,000 | 9,819,000 | 12,279,000 | 10,710,000 |
| Total asset turnover | 1.26 | 1.39 | 1.38 | 1.15 | 1.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,261,000K ÷ $11,316,000K
= 1.26
Otis Worldwide Corp's total asset turnover has shown some fluctuations over the years. The ratio stood at 1.18 in December 31, 2020, decreased to 1.15 by December 31, 2021, then experienced a notable increase to 1.38 by December 31, 2022, and further improved to 1.39 by December 31, 2023. However, there was a slight decline to 1.26 by December 31, 2024.
Overall, the increasing trend from 2020 to 2023 indicates that Otis Worldwide Corp has been more efficient in generating revenue from its assets during this period. The subsequent decrease in 2024 suggests a potential slowdown in asset utilization efficiency. Further investigation into the underlying factors driving these fluctuations would be beneficial to better understand the company's operational performance and future prospects.
Peer comparison
Dec 31, 2024