Smurfit WestRock plc (SW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,109,000 | 12,460,100 | 12,815,000 | 10,107,000 | 8,530,000 |
| Total assets | US$ in thousands | — | 13,959,000 | 12,482,000 | 11,707,000 | 10,290,000 |
| Total asset turnover | — | 0.89 | 1.03 | 0.86 | 0.83 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,109,000K ÷ $—K
= —
Smurfit WestRock plc's total asset turnover has shown a fluctuating trend over the past few years. In December 2020, the total asset turnover ratio was 0.83, indicating that the company generated $0.83 in sales for every $1 of total assets.
By December 2021, the ratio slightly improved to 0.86, suggesting a slightly better utilization of assets to generate revenue. The trend continued positively in December 2022, reaching 1.03, which signifies a significant improvement in efficiency as the company generated $1.03 in sales for every $1 of total assets.
However, there was a slight decline in December 2023, with the total asset turnover ratio dropping to 0.89, indicating a decrease in efficiency in utilizing assets to generate revenue. Unfortunately, the data for December 2024 is unavailable, and further analysis for that year is not possible at this time.
Overall, the increasing trend in total asset turnover until 2022 is a positive indication of improving asset utilization efficiency, although the decrease in 2023 warrants further monitoring to ensure optimal use of assets for revenue generation.
Peer comparison
Dec 31, 2024