Republic Services Inc (RSG)
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 | 17,278,600 | 16,950,800 | 16,689,900 | 16,324,100 | 15,643,000 | 15,044,700 | 14,352,700 | 13,730,800 | 13,321,800 | 12,896,000 | 12,488,000 | 12,067,100 | 12,031,500 | 12,033,800 | 12,116,200 | 12,304,300 | 12,193,100 | 12,139,500 | 12,041,100 | 11,939,300 |
| Total assets | US$ in thousands | 31,410,100 | 30,042,800 | 29,823,300 | 29,081,400 | 29,052,900 | 28,401,000 | 28,212,700 | 24,880,100 | 24,955,000 | 24,428,900 | 23,922,100 | 23,252,100 | 23,434,000 | 23,110,100 | 22,826,300 | 22,908,900 | 22,683,800 | 22,329,100 | 21,996,800 | 21,782,000 |
| Total asset turnover | 0.55 | 0.56 | 0.56 | 0.56 | 0.54 | 0.53 | 0.51 | 0.55 | 0.53 | 0.53 | 0.52 | 0.52 | 0.51 | 0.52 | 0.53 | 0.54 | 0.54 | 0.54 | 0.55 | 0.55 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,278,600K ÷ $31,410,100K
= 0.55
Republic Services, Inc. has shown relatively consistent total asset turnover over the past eight quarters, ranging from 0.43 to 0.49. The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets.
The company's total asset turnover ratio has been in the range of 0.43 to 0.49, indicating that, on average, for every dollar of assets owned, Republic Services generates between $0.43 and $0.49 in revenue.
Overall, the trend in total asset turnover for Republic Services, Inc. over the past eight quarters suggests a stable performance in terms of asset utilization and revenue generation. The consistent range of total asset turnover ratios indicates that the company has been effectively managing its assets to generate revenue.
Peer comparison
Dec 31, 2023