Republic Services Inc (RSG)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,031,900 | 15,817,500 | 15,567,200 | 15,245,100 | 14,964,500 | 14,662,600 | 14,434,500 | 14,122,300 | 13,510,000 | 12,933,200 | 12,269,300 | 11,668,400 | 11,296,000 | 10,916,400 | 10,554,600 | 10,196,200 | 10,153,700 | 10,157,100 | 10,231,900 | 10,382,800 |
| Total assets | US$ in thousands | 32,402,000 | 31,814,200 | 31,934,100 | 31,381,700 | 31,410,100 | 30,042,800 | 29,823,300 | 29,081,400 | 29,050,900 | 28,401,000 | 28,212,900 | 24,880,100 | 24,955,000 | 24,428,900 | 23,922,100 | 23,252,600 | 23,434,000 | 23,110,100 | 22,826,300 | 22,908,900 |
| Total asset turnover | 0.49 | 0.50 | 0.49 | 0.49 | 0.48 | 0.49 | 0.48 | 0.49 | 0.47 | 0.46 | 0.43 | 0.47 | 0.45 | 0.45 | 0.44 | 0.44 | 0.43 | 0.44 | 0.45 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,031,900K ÷ $32,402,000K
= 0.49
Total asset turnover for Republic Services Inc has exhibited some fluctuations over the period under consideration. It stood at 0.45 in March 2020 and maintained this level for the subsequent quarter. The ratio then slightly decreased to 0.44 in September 2020 before further dropping to 0.43 by December 2020. From March 2021 to September 2021, the total asset turnover remained relatively stable at around 0.44 to 0.45.
Thereafter, there was an uptick in the total asset turnover, reaching 0.47 in March 2022, dipping to 0.43 in June 2022, and then climbing back to 0.46 in September 2022. The ratio continued to improve, hitting 0.47 by December 2022, and further increased to 0.49 in March 2023. The total asset turnover remained at this level for the subsequent quarter before slightly dropping to 0.48 by June 2023.
Subsequently, the ratio increased again to 0.49 in September 2023 and maintained this level until December 2024. Finally, the total asset turnover reached its highest point in the period under review at 0.50 by September 30, 2024. Overall, the trend indicates some volatility but shows that Republic Services Inc has effectively managed to generate revenue relative to its total assets, with an upward trajectory in recent quarters.
Peer comparison
Dec 31, 2024