Sherwin-Williams Co (SHW)

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	22,557,900	22,588,100	22,534,900	22,159,400	21,735,200	21,387,100	20,505,700	20,027,700	19,578,700	19,305,400	19,277,600	18,501,700	18,080,200	17,705,800	17,534,900	17,893,700	17,900,800	17,850,600	17,714,400	17,610,400
Total assets	US$ in thousands	22,954,000	23,004,500	23,166,100	23,129,900	22,594,000	22,245,800	22,052,800	21,730,400	20,667,000	20,736,600	20,519,600	20,435,000	20,401,600	20,809,700	20,494,500	20,570,300	20,496,200	20,864,300	21,186,100	20,961,600
Total asset turnover		0.98	0.98	0.97	0.96	0.96	0.96	0.93	0.92	0.95	0.93	0.94	0.91	0.89	0.85	0.86	0.87	0.87	0.86	0.84	0.84

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,557,900K ÷ $22,954,000K
= 0.98

The total asset turnover of Sherwin-Williams Co. has shown a stable trend over the past eight quarters, with values ranging from 0.93 to 1.00. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. The consistently high total asset turnover suggests that Sherwin-Williams Co. efficiently utilizes its assets to generate sales. The slight variations in the ratio over time may indicate fluctuations in the company's operational efficiency or changes in its asset base. Overall, the strong total asset turnover reflects Sherwin-Williams Co.'s ability to efficiently convert its assets into revenue, which is a positive indicator of its operational performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Sherwin-Williams Co

SHW

0.98

Fastenal Company

FAST

1.64

Tractor Supply Company

TSCO

1.58

Sherwin-Williams Co (SHW)

Total asset turnover

Peer comparison

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