Smurfit WestRock plc (SW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,272,000 | 12,815,000 | 10,107,000 | 8,530,000 |
| Total assets | US$ in thousands | 12,628,000 | 12,482,000 | 11,707,000 | 10,290,000 |
| Total asset turnover | 0.89 | 1.03 | 0.86 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,272,000K ÷ $12,628,000K
= 0.89
The total asset turnover ratio for Smurfit WestRock plc has shown fluctuations over the past four years. In 2023, the total asset turnover decreased to 0.89 from 1.03 in 2022. This decline indicates that the company generated $0.89 in revenue for every dollar of assets held during the year.
Comparing this to the previous year, it suggests that the company may have been less efficient in generating sales from its assets in 2023. However, it is worth noting that the total asset turnover ratio in 2023 is still higher than in 2021 and 2020, indicating some level of improvement over the longer term.
Further analysis would be needed to understand the reasons behind the fluctuation in the total asset turnover ratio and whether the company's management is taking steps to improve asset utilization efficiency.
Peer comparison
Dec 31, 2023