PPG Industries Inc (PPG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,845,000 | 18,246,000 | 17,652,000 | 16,802,000 | 13,834,000 |
| Total assets | US$ in thousands | 19,433,000 | 21,647,000 | 20,744,000 | 21,351,000 | 19,556,000 |
| Total asset turnover | 0.82 | 0.84 | 0.85 | 0.79 | 0.71 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,845,000K ÷ $19,433,000K
= 0.82
The total asset turnover ratio for PPG Industries Inc has shown a consistent improvement over the past few years. The ratio increased from 0.71 in December 31, 2020, to 0.79 in December 31, 2021, further to 0.85 in December 31, 2022. However, in December 31, 2023, it slightly decreased to 0.84 and then dropped to 0.82 in December 31, 2024.
This trend indicates that PPG Industries Inc is generating more revenue for each dollar of assets invested, reflecting a more efficient use of its total assets in generating sales. Despite the slight decline in the most recent year, the company has generally been able to effectively utilize its assets to drive revenue growth. Further analysis of the underlying factors impacting the total asset turnover ratio may be necessary to assess the sustainability and efficiency of PPG Industries Inc's operations.
Peer comparison
Dec 31, 2024