Sealed Air Corporation (SEE)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 | 4,791,100 |
| Total assets | US$ in thousands | 7,200,600 | 6,214,700 | 6,229,300 | 6,083,800 | 5,765,200 |
| Total asset turnover | 0.76 | 0.91 | 0.89 | 0.81 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,488,900K ÷ $7,200,600K
= 0.76
Sealed Air Corp.'s total asset turnover has exhibited fluctuations over the past five years. The company's total asset turnover ratio was 0.76 in 2023, indicating that for every dollar of total assets, the company generated $0.76 in revenue. This represents a decrease from the previous year's ratio of 0.91.
In 2022, the total asset turnover ratio was higher at 0.91, suggesting that the company was more effective in generating revenue from its assets compared to 2023. The ratio was also higher in 2021 at 0.89.
A notable decrease in total asset turnover was observed in 2020, where the ratio stood at 0.81. However, there was a slight increase in 2019, with a ratio of 0.83.
Overall, the trend indicates some variability in Sealed Air Corp.'s ability to generate revenue from its total assets over the past five years. It would be important to further evaluate the company's asset management efficiency and sales performance to understand the factors contributing to these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023