Otis Worldwide Corp (OTIS)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,059,000 | 13,883,000 | 13,708,000 | 13,478,000 | 13,542,000 | 13,664,000 | 13,942,000 | 14,163,000 | 14,162,000 | 14,130,000 | 13,772,000 | 13,086,000 | 12,676,000 | |||
| Total assets | US$ in thousands | 10,117,000 | 10,390,000 | 10,135,000 | 9,845,000 | 9,819,000 | 9,342,000 | 9,913,000 | 11,795,000 | 12,279,000 | 10,472,000 | 10,857,000 | 10,505,000 | 10,710,000 | 10,473,000 | 10,441,000 | 9,524,000 |
| Total asset turnover | 1.39 | 1.34 | 1.35 | 1.37 | 1.38 | 1.46 | 1.41 | 1.20 | 1.15 | 1.35 | 1.27 | 1.25 | 1.18 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,059,000K ÷ $10,117,000K
= 1.39
The total asset turnover ratio of Otis Worldwide Corp has been relatively stable over the past eight quarters, ranging from 1.21 to 1.48. This ratio measures the company's efficiency in generating sales revenue from its total assets. With an average total asset turnover of approximately 1.38 during this period, Otis Worldwide Corp has been able to effectively utilize its assets to generate revenue. A higher total asset turnover ratio indicates that the company is more efficient in using its assets to generate sales. Overall, the consistency of the total asset turnover ratio suggests that Otis Worldwide Corp has maintained a steady level of asset efficiency in converting its assets into revenue.
Peer comparison
Dec 31, 2023