Sherwin-Williams Co (SHW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,098,500 | 23,051,900 | 22,148,900 | 19,944,600 | 18,361,700 |
| Total assets | US$ in thousands | 23,632,600 | 22,954,400 | 22,594,000 | 20,666,700 | 20,401,600 |
| Total asset turnover | 0.98 | 1.00 | 0.98 | 0.97 | 0.90 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,098,500K ÷ $23,632,600K
= 0.98
The total asset turnover of Sherwin-Williams Co has shown a steady improvement over the years, increasing from 0.90 in December 31, 2020 to 0.98 in December 31, 2022. Subsequently, there was a slight decrease to 0.98 in December 31, 2024. The improvement in total asset turnover indicates that the company is becoming more efficient in generating sales revenue relative to its total assets. By December 31, 2023, the total asset turnover reached its peak at 1.00, signifying that the company generated sales equal to its total assets within that period. Overall, the trend suggests that Sherwin-Williams Co has been effectively utilizing its assets to drive revenue growth and operational efficiency. It is essential for the company to maintain this efficiency to ensure sustainable growth and profitability in the long run.
Peer comparison
Dec 31, 2024