Sherwin-Williams Co (SHW)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,098,500 | 23,053,500 | 23,007,700 | 22,976,800 | 23,051,900 | 23,030,200 | 22,960,900 | 22,592,600 | 22,148,900 | 21,680,500 | 20,779,800 | 20,287,300 | 19,944,600 | 19,671,300 | 19,646,800 | 18,871,000 | 18,361,700 | 17,987,300 | 17,732,750 | 18,006,610 |
| Total assets | US$ in thousands | 23,632,600 | 23,968,300 | 23,734,000 | 23,428,100 | 22,954,400 | 23,004,500 | 23,166,100 | 23,129,900 | 22,594,000 | 22,245,800 | 22,052,800 | 21,730,400 | 20,666,700 | 20,736,600 | 20,519,600 | 20,435,000 | 20,401,600 | 20,809,700 | 20,494,500 | 20,570,300 |
| Total asset turnover | 0.98 | 0.96 | 0.97 | 0.98 | 1.00 | 1.00 | 0.99 | 0.98 | 0.98 | 0.97 | 0.94 | 0.93 | 0.97 | 0.95 | 0.96 | 0.92 | 0.90 | 0.86 | 0.87 | 0.88 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,098,500K ÷ $23,632,600K
= 0.98
The total asset turnover ratio measures a company's efficiency in generating sales revenue from its total assets. For Sherwin-Williams Co, we observe a consistent trend in total asset turnover over the reported quarters. The ratios have fluctuated within a relatively narrow range from 0.87 to 1.00 between March 31, 2020, and December 31, 2024.
The ratio has generally been stable, indicating that Sherwin-Williams Co has been effectively utilizing its assets to generate sales throughout the period under review. Specifically, in recent quarters, there seems to be a slight improvement in total asset turnover, with ratios increasing from 0.92 in March 31, 2021, to 0.98 in December 31, 2024.
Overall, the trend suggests that Sherwin-Williams Co has been managing its assets efficiently to drive revenue growth, as evident from the consistent or slightly improving total asset turnover ratios observed over the years. Further analysis would be required to determine the specific factors contributing to this trend and assess the company's overall operational effectiveness.
Peer comparison
Dec 31, 2024