Resideo Technologies Inc (REZI)
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 | 6,761,000 | 6,440,000 | 6,166,000 | 6,179,000 | 6,242,000 | 6,265,000 | 6,329,000 | 6,413,000 | 6,370,000 | 6,264,000 | 6,142,000 | 5,933,000 | 5,846,000 | 5,893,000 | 5,759,000 | 5,311,000 | 5,071,000 | 4,874,000 | 4,738,000 | 4,951,000 |
| Total assets | US$ in thousands | 8,199,000 | 8,135,000 | 7,984,000 | 6,520,000 | 6,645,000 | 6,459,000 | 6,536,000 | 6,399,000 | 6,387,000 | 6,262,000 | 6,316,000 | 6,245,000 | 5,853,000 | 5,834,000 | 5,712,000 | 5,576,000 | 5,610,000 | 5,269,000 | 5,166,000 | 5,287,000 |
| Total asset turnover | 0.82 | 0.79 | 0.77 | 0.95 | 0.94 | 0.97 | 0.97 | 1.00 | 1.00 | 1.00 | 0.97 | 0.95 | 1.00 | 1.01 | 1.01 | 0.95 | 0.90 | 0.93 | 0.92 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,761,000K ÷ $8,199,000K
= 0.82
Resideo Technologies Inc's total asset turnover has shown fluctuations over the period under review. The ratio measures how efficiently the company is using its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
From March 31, 2020, to June 30, 2021, the total asset turnover improved steadily, indicating increasing efficiency in asset utilization. However, from June 30, 2021, to December 31, 2024, the ratio experienced some volatility. Notably, there was a decline in the ratio in the last three quarters of 2024.
Overall, the average total asset turnover for Resideo Technologies Inc during the period appears to be moderate, ranging from 0.77 to 1.01. Investors and analysts may want to further investigate the reasons behind the fluctuations in the ratio and assess the company's ability to optimize its asset base for revenue generation.