Pitney Bowes Inc (PBI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,026,600 | 3,266,350 | 3,538,040 | 3,673,560 | 3,554,080 |
| Total assets | US$ in thousands | 3,397,520 | 4,272,180 | 4,741,360 | 4,958,870 | 5,224,360 |
| Total asset turnover | 0.60 | 0.76 | 0.75 | 0.74 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,026,600K ÷ $3,397,520K
= 0.60
Pitney Bowes Inc's total asset turnover has shown a slight upward trend over the past five years. The ratio increased from 0.68 in December 31, 2020, to 0.75 in December 31, 2022, indicating that the company generated $0.68 and $0.75 in sales for every dollar of assets in those respective years. However, there was a slight decrease in 2024, with the total asset turnover falling to 0.60. This may suggest a potential decrease in operational efficiency or a change in the asset base of the company. Overall, Pitney Bowes Inc's total asset turnover performance demonstrates variability over the years, highlighting the importance of carefully monitoring and analyzing factors affecting the company's asset utilization.