Rockwell Automation Inc (ROK)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,183,200 | 8,700,500 | 8,933,800 | 9,134,800 | 9,203,000 | 8,773,300 | 8,412,100 | 7,887,500 | 7,627,800 | 7,344,400 | 7,240,700 | 7,215,500 | 6,930,800 | 6,691,200 | 6,234,000 | 6,137,000 | 6,252,500 | 6,412,700 | 6,682,400 | 6,660,100 |
| Total assets | US$ in thousands | 11,232,100 | 11,188,600 | 11,367,300 | 11,333,300 | 11,304,000 | 11,743,300 | 11,469,100 | 11,149,800 | 10,758,700 | 10,799,900 | 10,715,500 | 10,743,300 | 10,701,600 | 8,573,100 | 8,317,700 | 8,171,000 | 7,264,700 | 7,329,500 | 6,665,900 | 7,107,900 |
| Total asset turnover | 0.73 | 0.78 | 0.79 | 0.81 | 0.81 | 0.75 | 0.73 | 0.71 | 0.71 | 0.68 | 0.68 | 0.67 | 0.65 | 0.78 | 0.75 | 0.75 | 0.86 | 0.87 | 1.00 | 0.94 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,183,200K ÷ $11,232,100K
= 0.73
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For Rockwell Automation Inc, the total asset turnover ratio has fluctuated over the past few quarters. The ratio has been between 0.65 and 1.00, with the latest value being 0.73 as of September 30, 2024.
A total asset turnover ratio of 0.73 indicates that for every dollar of assets held by Rockwell Automation, the company generated 73 cents in sales revenue. This suggests that the company is efficient in utilizing its assets to generate revenue, but there is room for improvement in maximizing asset utilization.
The trend of total asset turnover over the past few quarters shows some variability, with a general upward trend from the end of 2021 to mid-2022, followed by some fluctuations in the subsequent quarters. Investors and analysts may want to monitor this ratio closely to understand how effectively Rockwell Automation is using its assets to drive sales growth and overall financial performance.
Peer comparison
Sep 30, 2024