Republic Services Inc (RSG)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,278,700 | 15,645,200 | 13,321,800 | 12,031,700 | 12,193,000 |
| Total assets | US$ in thousands | 31,410,100 | 29,052,900 | 24,955,000 | 23,434,000 | 22,683,800 |
| Total asset turnover | 0.55 | 0.54 | 0.53 | 0.51 | 0.54 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $17,278,700K ÷ $31,410,100K
= 0.55
Republic Services, Inc.'s total asset turnover has shown a relatively stable trend over the past five years, with values ranging from 0.43 to 0.48. Total asset turnover measures the efficiency of the company in generating sales revenue from its assets. The higher the ratio, the better the company is at utilizing its assets to generate revenue.
In this case, the fluctuation in total asset turnover within a narrow range indicates that Republic Services, Inc. has maintained a consistent level of efficiency in utilizing its assets to generate sales revenue over the years. This can be a positive sign, suggesting that the company has been successful in managing and utilizing its assets effectively to drive revenue growth. It also reflects the company's ability to efficiently convert its investment in assets into sales, which is a key aspect of operational efficiency.
Overall, the stable and relatively moderate total asset turnover ratios of Republic Services, Inc. indicate a consistent and efficient utilization of assets to generate revenue, which can be a positive indicator of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023