Rockwell Automation Inc (ROK)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,264,600 | 9,203,900 | 7,500,200 | 6,930,300 | 6,216,700 |
| Total assets | US$ in thousands | 11,232,100 | 11,304,000 | 10,758,700 | 10,701,600 | 7,264,700 |
| Total asset turnover | 0.74 | 0.81 | 0.70 | 0.65 | 0.86 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,264,600K ÷ $11,232,100K
= 0.74
Rockwell Automation Inc's total asset turnover has fluctuated over the past five years. The ratio indicates how efficiently the company is generating sales in relation to its total assets. A decrease in total asset turnover from 0.86 in 2020 to 0.74 in 2024 suggests that the company may be less efficient in utilizing its assets to generate sales. However, it is important to note that the ratio was higher in 2023 at 0.81 before declining again. This variability may indicate fluctuations in business operations or changes in asset management strategies. Overall, Rockwell Automation Inc should closely monitor its asset turnover to ensure optimal utilization of assets in generating revenue.
Peer comparison
Sep 30, 2024