PPG Industries Inc (PPG)
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 | 15,845,000 | 18,030,000 | 18,099,000 | 18,177,000 | 18,246,000 | 18,081,000 | 17,905,000 | 17,724,000 | 17,652,000 | 17,657,000 | 17,561,000 | 17,229,000 | 16,802,000 | 16,369,000 | 15,682,000 | 14,338,000 | 13,834,000 | 13,749,000 | 13,890,000 | 14,899,000 |
| Total assets | US$ in thousands | 19,433,000 | 21,858,000 | 21,729,000 | 21,867,000 | 21,647,000 | 21,501,000 | 21,614,000 | 22,099,000 | 20,744,000 | 20,868,000 | 21,572,000 | 18,339,000 | 21,351,000 | 17,965,000 | 18,286,000 | 16,425,000 | 19,556,000 | 18,300,000 | 18,170,000 | 18,064,000 |
| Total asset turnover | 0.82 | 0.82 | 0.83 | 0.83 | 0.84 | 0.84 | 0.83 | 0.80 | 0.85 | 0.85 | 0.81 | 0.94 | 0.79 | 0.91 | 0.86 | 0.87 | 0.71 | 0.75 | 0.76 | 0.82 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,845,000K ÷ $19,433,000K
= 0.82
The total asset turnover of PPG Industries Inc has shown fluctuations over the past few years, ranging from a low of 0.71 in December 31, 2020, to a high of 0.94 in March 31, 2022. This ratio indicates the company's ability to generate revenue relative to its total assets. A higher ratio suggests that the company is more efficient in utilizing its assets to generate sales.
The general trend for PPG Industries Inc's total asset turnover seems to be relatively stable, hovering around the range of 0.80 to 0.90 in recent quarters. This implies that the company is effectively utilizing its assets to generate revenue, although there may be slight variations in efficiency over time.
It is important for investors and stakeholders to monitor changes in total asset turnover to assess the company's operational efficiency and financial performance. Overall, PPG Industries Inc's total asset turnover ratio provides insight into how well the company is utilizing its assets to generate sales and can be used to compare its performance with industry peers.
Peer comparison
Dec 31, 2024