RXO Inc. (RXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,884,667 | 3,861,000 | 3,797,000 | 3,830,000 | 3,927,000 | 4,069,000 | 4,231,000 | 4,494,000 | 4,796,000 | 5,003,000 | 5,063,000 | 4,936,000 | 4,689,000 |
| Total assets | US$ in thousands | 2,077 | 3,392,000 | 1,813,000 | 1,799,000 | 1,825,000 | 1,946,000 | 1,912,000 | 2,018,000 | 2,038,000 | 2,237,000 | 2,372,000 | 2,296,000 | 2,068,000 |
| Total asset turnover | 1,388.86 | 1.14 | 2.09 | 2.13 | 2.15 | 2.09 | 2.21 | 2.23 | 2.35 | 2.24 | 2.13 | 2.15 | 2.27 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,884,667K ÷ $2,077K
= 1,388.86
The total asset turnover of RXO Inc. has shown varying trends over the financial periods indicated in the data provided. From December 31, 2021, to December 31, 2023, the total asset turnover ratio remained relatively stable, fluctuating between 2.13 and 2.35. This indicates that the company generated around $2.13 to $2.35 in revenue for every dollar of total assets during this period.
However, a significant decline is observed in the total asset turnover ratio as of September 30, 2024, dropping to 1.14, and further declining dramatically to 1,388.86 by December 31, 2024. Such an anomaly in the data for the last quarter of 2024 suggests potential irregularities or inaccuracies in the financial reporting that warrant further investigation.
Overall, it is important for stakeholders to closely monitor the total asset turnover ratio of RXO Inc., particularly in light of the sudden and substantial fluctuation seen in the most recent data point, to assess the company's efficiency in generating revenue relative to its total asset base.
Peer comparison
Dec 31, 2024