Pitney Bowes Inc (PBI)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,266,348	3,303,461	3,350,624	3,445,638	3,538,042	3,613,063	3,657,598	3,685,306	3,673,561	3,718,269	3,734,718	3,673,007	3,554,078	3,357,001	3,255,228	3,206,309	3,205,125	3,231,196	3,201,352	3,186,317
Total assets	US$ in thousands	4,272,180	4,422,700	4,423,360	4,530,850	4,741,360	4,593,150	4,677,590	4,787,060	4,958,870	4,954,610	5,013,300	4,941,180	5,224,360	5,044,030	5,116,180	4,893,430	5,469,960	5,597,220	5,757,990	5,806,260
Total asset turnover		0.76	0.75	0.76	0.76	0.75	0.79	0.78	0.77	0.74	0.75	0.74	0.74	0.68	0.67	0.64	0.66	0.59	0.58	0.56	0.55

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,266,348K ÷ $4,272,180K
= 0.76

The total asset turnover ratio for Pitney Bowes, Inc. has been relatively stable over the past few quarters, ranging between 0.75 and 0.79. This ratio indicates the company's ability to generate sales revenue from its total assets.

With values around 0.76 in the most recent quarters, it suggests that for every dollar of assets Pitney Bowes has, it is generating approximately $0.76 of revenue. This demonstrates that the company is effectively utilizing its assets to generate sales.

Overall, a total asset turnover ratio in this range suggests that Pitney Bowes is operating efficiently and effectively in terms of utilizing its assets to generate revenue. It is important to monitor this ratio over time to ensure that the company continues to effectively manage its assets and drive revenue growth.