Pentair PLC (PNR)
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 | 3,987,100 | 4,062,100 | 4,108,400 | 4,090,100 | 4,061,100 | 4,097,400 | 4,011,500 | 3,888,400 | 3,754,700 | 3,572,200 | 3,401,500 | 3,173,700 | 3,017,800 | 2,977,000 | 2,892,100 | 2,978,300 | 2,957,200 | 2,942,500 | 2,940,300 | 2,921,400 |
| Total assets | US$ in thousands | 6,563,300 | 6,411,000 | 6,508,300 | 6,671,200 | 6,447,500 | 6,508,600 | 4,872,200 | 4,975,900 | 4,753,600 | 4,472,800 | 4,354,700 | 4,384,100 | 4,197,200 | 4,103,500 | 4,116,100 | 4,426,700 | 4,139,500 | 4,080,400 | 4,170,000 | 4,382,200 |
| Total asset turnover | 0.61 | 0.63 | 0.63 | 0.61 | 0.63 | 0.63 | 0.82 | 0.78 | 0.79 | 0.80 | 0.78 | 0.72 | 0.72 | 0.73 | 0.70 | 0.67 | 0.71 | 0.72 | 0.71 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,987,100K ÷ $6,563,300K
= 0.61
The total asset turnover ratio for Pentair plc has shown some fluctuations over the past eight quarters. In Q4 2023, the total asset turnover was 0.63, slightly lower compared to the previous quarter at 0.64. This indicates that for every dollar of assets Pentair plc had in Q4 2023, the company generated $0.63 of revenue.
Looking back at the trend over the past two years, total asset turnover has ranged from 0.62 to 0.83, with the highest ratio recorded in Q2 2022. This suggests that Pentair plc was more effective in utilizing its assets to generate revenue during that period.
Overall, the total asset turnover ratio for Pentair plc has remained relatively stable around the 0.63 to 0.64 range in recent quarters, indicating a consistent level of efficiency in generating revenue from its total assets.
Peer comparison
Dec 31, 2023