Sealed Air Corporation (SEE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,392,600 | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 |
| Total assets | US$ in thousands | 7,022,100 | 7,200,600 | 6,214,700 | 6,229,300 | 6,083,800 |
| Total asset turnover | 0.77 | 0.76 | 0.91 | 0.89 | 0.81 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,392,600K ÷ $7,022,100K
= 0.77
The total asset turnover of Sealed Air Corporation has exhibited fluctuations over the past five years. The ratio increased from 0.81 in December 31, 2020, to 0.89 in December 31, 2021, and continued to rise to 0.91 by December 31, 2022. This upward trend indicates that the company was generating more revenue relative to its total assets during these years.
However, in the following two years, the total asset turnover ratio declined to 0.76 by December 31, 2023, and further to 0.77 by December 31, 2024. This decrease suggests that Sealed Air Corporation's efficiency in utilizing its assets to generate revenue decreased during these periods.
Overall, while the total asset turnover ratio experienced fluctuations, it is important for Sealed Air Corporation to closely monitor and analyze the factors contributing to these changes to optimize asset utilization and enhance overall operational efficiency in the future.
Peer comparison
Dec 31, 2024