Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,705,000 | 3,657,000 | 3,719,000 | 3,707,000 | 3,716,000 | 3,761,000 | 3,709,000 | |||
| Total assets | US$ in thousands | 2,872,000 | 2,785,000 | 2,823,000 | 2,798,000 | 2,710,000 | 2,797,000 | 2,741,000 | 2,709,000 | 2,597,000 | 2,737,000 |
| Total asset turnover | 1.29 | 1.31 | 1.32 | 1.32 | 1.37 | 1.34 | 1.35 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,705,000K ÷ $2,872,000K
= 1.29
The total asset turnover ratio of Sylvamo Corp has remained relatively stable over the past five quarters, ranging from 1.27 to 1.34. This indicates that, on average, Sylvamo Corp generates revenue equal to approximately 1.28 times its total assets each quarter. A total asset turnover ratio above 1 suggests that the company is effectively utilizing its assets to generate revenue. However, it is important to consider other factors influencing this ratio, such as the industry norm and the company's specific business model, to gain a more comprehensive understanding of Sylvamo Corp's asset utilization efficiency.
Peer comparison
Dec 31, 2023