Pentair PLC (PNR)
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 | 3,995,100 | 3,977,100 | 3,992,500 | 3,975,700 | 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 |
| Total assets | US$ in thousands | 6,446,500 | 6,472,600 | 6,548,000 | 6,738,700 | 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 |
| Total asset turnover | 0.62 | 0.61 | 0.61 | 0.59 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,995,100K ÷ $6,446,500K
= 0.62
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. In the case of Pentair PLC, the total asset turnover has been fluctuating over the past few years.
From March 31, 2020, to June 30, 2021, Pentair PLC saw a gradual increase in total asset turnover from 0.67 to 0.78, indicating an improvement in the company's ability to utilize its assets to generate sales.
However, there was a slight decrease in total asset turnover by the end of December 31, 2021, and it remained relatively stable around 0.79 to 0.82 until June 30, 2022.
After June 30, 2022, there was a noticeable decline in total asset turnover, reaching 0.59 by March 31, 2024. This decline suggests that Pentair PLC may be facing challenges in efficiently utilizing its assets to generate sales revenue.
Overall, the trend in total asset turnover for Pentair PLC shows some fluctuations, with periods of improvement followed by declines, indicating potential changes in the company's asset management and sales generation strategies that may need further investigation and analysis.
Peer comparison
Dec 31, 2024