Sylvamo Corp (SLVM)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 3,687,000 | 3,559,000 | 3,504,000 |
| Total assets | US$ in thousands | 2,872,000 | 2,710,000 | 2,597,000 |
| Total asset turnover | 1.28 | 1.31 | 1.35 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,687,000K ÷ $2,872,000K
= 1.28
Sylvamo Corp's total asset turnover ratio has shown a fluctuating trend over the past four years. The ratio has decreased from 1.35 in 2021 to 1.03 in 2020, indicating that the company generated $1.03 of revenue for every dollar of assets in 2020. However, there was a subsequent increase in total asset turnover to 1.34 in 2022 and then a slight decline to 1.30 in 2023.
A total asset turnover ratio of 1.30 in 2023 implies that for every dollar of assets Sylvamo Corp had, the company generated $1.30 in revenue. This indicates that the company was more efficient in generating revenue from its assets in 2023 compared to 2020, but slightly less efficient than in 2021. Overall, while the slight decline in 2023 may raise some concerns, Sylvamo Corp's total asset turnover remains relatively stable and suggests that the company is effectively utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023