Sealed Air Corporation (SEE)

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	5,488,900	5,517,300	5,535,900	5,573,100	5,641,900	5,767,500	5,773,800	5,684,300	5,533,800	5,343,200	5,173,700	4,996,400	4,903,200	4,861,200	4,842,500	4,852,300	4,791,100	4,752,500	4,720,200	4,714,400
Total assets	US$ in thousands	7,200,600	7,367,700	7,524,400	7,356,200	6,214,700	6,075,100	6,105,400	6,117,000	6,229,300	6,159,800	6,006,600	5,918,700	6,083,800	5,828,200	5,756,300	5,671,000	5,765,200	5,676,400	5,216,500	5,155,000
Total asset turnover		0.76	0.75	0.74	0.76	0.91	0.95	0.95	0.93	0.89	0.87	0.86	0.84	0.81	0.83	0.84	0.86	0.83	0.84	0.90	0.91

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,488,900K ÷ $7,200,600K
= 0.76

Sealed Air Corp.'s total asset turnover has shown a declining trend over the past quarters, dropping from 0.93 in Q1 2022 to 0.74 in Q2 2023. This indicates that the company generated $0.74 in revenue for every dollar of assets in Q2 2023. The decrease in total asset turnover may suggest inefficiencies in asset utilization, as the company is generating less revenue relative to its asset base. Further analysis is required to understand the reasons behind this downward trend and to evaluate the company's operational efficiency and effectiveness in utilizing its assets to generate revenue.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Sealed Air Corporation

SEE

0.76

Celanese Corporation

0.39