Rollins Inc (ROL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,069,670 | 2,693,180 | 2,423,470 | 2,161,220 | 2,015,480 |
| Total assets | US$ in thousands | 2,595,460 | 2,122,030 | 2,021,540 | 1,845,900 | 1,744,380 |
| Total asset turnover | 1.18 | 1.27 | 1.20 | 1.17 | 1.16 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,069,670K ÷ $2,595,460K
= 1.18
The total asset turnover for Rollins, Inc. has fluctuated over the past five years. The ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue.
In 2023, Rollins, Inc. had a total asset turnover of 1.18, which indicates that for every dollar of assets, the company generated $1.18 in sales. This represents a slight decrease from the previous year's ratio of 1.27. Despite the decline, the company's asset turnover remains relatively strong, reflecting efficient asset management.
Comparing the ratio to 2021 and 2020, where it was 1.22 and 1.17 respectively, the trend shows some variability in asset utilization efficiency. However, it is worth noting that the total asset turnover has generally improved compared to 2019 when it stood at 1.16, indicating enhanced efficiency in generating revenue from assets over the years.
Overall, while there have been fluctuations in Rollins, Inc.'s total asset turnover, the company has shown a consistent effort to optimize its asset utilization and drive sales revenue. Continued monitoring and analysis of this ratio can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023