PACCAR Inc (PCAR)

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	33,663,800	34,832,900	35,289,400	35,398,400	35,127,400	34,180,300	32,542,800	30,820,400	28,819,700	27,376,300	25,464,200	24,149,400	23,522,300	22,404,800	22,194,000	19,412,300	18,728,500	19,277,100	20,708,100	24,273,800
Total assets	US$ in thousands	43,418,900	43,281,800	41,176,600	40,373,600	40,823,400	38,039,500	36,867,700	34,826,400	33,275,500	30,623,600	30,588,700	30,586,100	29,509,400	27,909,900	29,012,200	28,503,400	28,450,000	27,233,700	26,406,400	27,294,700
Total asset turnover		0.78	0.80	0.86	0.88	0.86	0.90	0.88	0.88	0.87	0.89	0.83	0.79	0.80	0.80	0.76	0.68	0.66	0.71	0.78	0.89

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $33,663,800K ÷ $43,418,900K
= 0.78

The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenues. A higher ratio indicates better asset utilization.

PACCAR Inc's total asset turnover has shown fluctuations over the periods provided. Specifically, the ratio decreased from 0.89 in March 2020 to 0.66 in December 2020, suggesting a decline in asset efficiency during this period.

However, the total asset turnover gradually improved from March 2021 to September 2023, reaching a peak of 0.90 in September 2023. This indicates that PACCAR Inc was effectively generating revenue relative to its assets during this timeframe.

Subsequently, there was a slight decrease in the total asset turnover ratio from September 2023 to December 2024, potentially signaling a decrease in asset efficiency during this period.

Overall, PACCAR Inc's total asset turnover ratio has shown variability, with periods of both improvement and decline in asset utilization efficiency. Monitoring this ratio can provide insights into the company's operational efficiency and performance over time.