Pitney Bowes Inc (PBI)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 2,639,263 | 2,994,720 | 3,279,008 | 3,262,319 | 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 | 3,278,515 |
| Total assets | US$ in thousands | 3,397,520 | 3,647,720 | 4,078,400 | 4,103,050 | 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 |
| Total asset turnover | 0.78 | 0.82 | 0.80 | 0.80 | 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 | 0.67 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,639,263K ÷ $3,397,520K
= 0.78
Total asset turnover measures how efficiently a company is using its assets to generate revenue. In the case of Pitney Bowes Inc, the total asset turnover ratio has shown gradual improvement over the years, increasing from 0.67 as of March 31, 2020, to 0.78 as of June 30, 2024. This indicates that the company is generating more revenue for each dollar of assets it holds.
The trend shows some variability, with minor fluctuations in the ratio during the quarters. Notably, there was a significant increase from 0.67 as of March 31, 2020, to 0.74 as of March 31, 2021, which suggests a notable improvement in asset utilization.
Overall, the increasing trend in total asset turnover ratio reflects positively on Pitney Bowes Inc's ability to efficiently manage its assets and generate revenue. However, it is important to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's financial performance and operational efficiency.