Republic Services Inc (RSG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,032,000 | 14,964,500 | 13,511,300 | 11,295,000 | 10,153,600 |
| Total assets | US$ in thousands | 32,402,000 | 31,410,100 | 29,050,900 | 24,955,000 | 23,434,000 |
| Total asset turnover | 0.49 | 0.48 | 0.47 | 0.45 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,032,000K ÷ $32,402,000K
= 0.49
The total asset turnover for Republic Services Inc has shown a consistent upward trend over the past five years. Starting at 0.43 in December 31, 2020, it increased steadily to 0.49 by December 31, 2024. This indicates that the company is becoming more efficient in generating revenue relative to its total assets. A higher total asset turnover ratio suggests that Republic Services Inc is utilizing its assets more effectively to generate sales. This improvement in efficiency may be attributed to better management of assets and operations within the company. Overall, the increasing trend in total asset turnover reflects positively on Republic Services Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024