Smurfit WestRock plc (SW)
Total asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,492,090 | 21,631,250 | |||
| Total assets | US$ in thousands | 27 | 0 | 12,628,000 | 12,434,000 | 12,482,000 |
| Total asset turnover | 796,003.33 | — |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,492,090K ÷ $27K
= 796,003.33
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. For Smurfit WestRock plc, the total asset turnover for the period ending June 30, 2024, is reported as 796,003.33. This indicates that the company generated $796,003.33 of revenue for every $1 of total assets during that period.
A high total asset turnover ratio generally signifies that the company is efficient in utilizing its assets to generate sales. In the case of Smurfit WestRock plc, the exceptionally high total asset turnover ratio of 796,003.33 suggests that the company is highly effective in leveraging its assets to generate revenue. However, it is crucial to consider the industry norms and historical trends to fully interpret the significance of such a high ratio, as anomalies or errors in the financial data can also lead to inflated ratios.
Overall, the total asset turnover ratio of Smurfit WestRock plc indicates a strong performance in terms of asset utilization and revenue generation, reflecting efficient management of its asset base to drive business operations and financial success.
Peer comparison
Jun 30, 2024