Rockwell Automation Inc (ROK)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,622,300 | 6,621,600 | 6,682,000 |
| Total assets | US$ in thousands | 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 | 6,113,000 | 6,158,800 | 6,254,200 |
| Total asset turnover | 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 | 1.08 | 1.08 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,134,800K ÷ $11,333,300K
= 0.81
The total asset turnover ratio for Rockwell Automation Inc has shown a fluctuating trend over the past eight quarters, ranging from 0.68 to 0.81. This ratio indicates how efficiently the company is using its assets to generate revenue. A higher ratio is generally preferred as it suggests that the company is generating more sales per dollar of assets.
The ratio peaked at 0.81 at the end of December 2023, indicating an improvement in the company's ability to generate sales from its total assets. However, it is important to note that the ratio has fluctuated around this level, with some quarters showing a slight decrease. This suggests that the company's utilization of assets to generate revenue has been somewhat inconsistent.
It would be prudent to further analyze the company's operations and asset management to understand the factors contributing to the fluctuating total asset turnover ratio and to identify potential areas for improvement in asset utilization.
Peer comparison
Dec 31, 2023