Rockwell Automation Inc (ROK)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	9,203,900	7,500,200	6,930,300	6,216,700	6,630,500
Total assets	US$ in thousands	11,304,000	10,758,700	10,701,600	7,264,700	6,113,000
Total asset turnover		0.81	0.70	0.65	0.86	1.08

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $9,203,900K ÷ $11,304,000K
= 0.81

The total asset turnover for Rockwell Automation Inc has fluctuated over the past five years. A decreasing trend is observed, with the ratio declining from 1.10 in 2019 to 0.80 in 2023. This indicates that the company's efficiency in generating sales from its assets has decreased. However, a single year's data may not provide a comprehensive view, so further analysis of the company's operational and financial activities would be necessary to understand the underlying factors contributing to this trend.

Peer comparison

Sep 30, 2023

Company name

Symbol

Total asset turnover

Rockwell Automation Inc

ROK

0.81

Onto Innovation Inc

ONTO

0.43

Thermo Fisher Scientific Inc