Rollins Inc (ROL)
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 | 3,069,673 | 2,969,441 | 2,863,419 | 2,760,623 | 2,693,185 | 2,599,388 | 2,520,954 | 2,445,989 | 2,391,431 | 2,360,474 | 2,293,748 | 2,208,873 | 2,161,220 | 2,130,913 | 2,103,681 | 2,074,309 | 2,015,477 | 1,954,115 | 1,885,388 | 1,841,892 |
| Total assets | US$ in thousands | 2,595,460 | 2,639,960 | 2,599,330 | 2,138,890 | 2,122,030 | 2,112,480 | 2,167,480 | 2,131,140 | 2,021,540 | 1,904,810 | 1,921,690 | 1,876,880 | 1,845,900 | 1,806,070 | 1,836,380 | 1,771,480 | 1,744,380 | 1,764,790 | 1,729,780 | 1,272,070 |
| Total asset turnover | 1.18 | 1.12 | 1.10 | 1.29 | 1.27 | 1.23 | 1.16 | 1.15 | 1.18 | 1.24 | 1.19 | 1.18 | 1.17 | 1.18 | 1.15 | 1.17 | 1.16 | 1.11 | 1.09 | 1.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,069,673K ÷ $2,595,460K
= 1.18
Total asset turnover measures how efficiently a company generates revenue in relation to its total assets. In the case of Rollins, Inc., the total asset turnover ratio has shown some fluctuations over the past 8 quarters, ranging between 1.10 and 1.29.
A total asset turnover ratio of 1.18 in Q4 2023 indicates that for every dollar of total assets, Rollins generated $1.18 in revenue during that period. This suggests that the company is effectively utilizing its assets to generate sales.
The upward trend from Q1 2023 to Q4 2023, peaking at 1.29, may indicate improvements in operational efficiency or increased sales relative to the size of the asset base. However, it is important to note that the ratio fluctuated in the previous quarters, indicating potential variations in business operations or market conditions.
Overall, a higher total asset turnover ratio suggests better asset utilization efficiency and revenue generation. In the context of Rollins, Inc., the increasing trend in recent quarters may be a positive sign for the company's operational performance and financial health. Nonetheless, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall performance.
Peer comparison
Dec 31, 2023