Sensata Technologies Holding NV (ST)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,932,760 | 4,054,080 | 4,029,260 | 3,820,810 | 3,045,580 |
| Total assets | US$ in thousands | 7,143,260 | 7,680,990 | 8,756,220 | 8,613,770 | 7,844,200 |
| Total asset turnover | 0.55 | 0.53 | 0.46 | 0.44 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,932,760K ÷ $7,143,260K
= 0.55
Total asset turnover is a financial ratio used to measure a company's efficiency in generating sales revenue from its total assets. Sensata Technologies Holding NV's total asset turnover has shown a positive trend over the past five years, increasing from 0.39 in December 31, 2020, to 0.55 in December 31, 2024. This indicates that the company has been able to enhance its asset utilization and generate more sales from its assets over the period.
The rising total asset turnover implies that Sensata Technologies Holding NV has been more effective in utilizing its assets to drive revenue growth, which is a positive sign for investors and creditors. It suggests that the company has been able to efficiently manage its assets to generate higher sales, indicating improved operational efficiency and effectiveness in utilizing its resources.
Overall, the increasing trend in total asset turnover for Sensata Technologies Holding NV signifies a favorable development in the company's operational performance and efficiency in utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024