Stanley Black & Decker Inc (SWK)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,781,100 | 16,947,400 | 15,281,300 | 12,750,000 | 12,912,900 |
| Total assets | US$ in thousands | 23,663,800 | 24,963,300 | 28,180,000 | 23,566,300 | 20,596,600 |
| Total asset turnover | 0.67 | 0.68 | 0.54 | 0.54 | 0.63 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,781,100K ÷ $23,663,800K
= 0.67
Stanley Black & Decker Inc's total asset turnover has fluctuated over the past five years, ranging from 0.54 to 0.68. The total asset turnover ratio measures how efficiently the company is generating sales revenue in relation to its total assets. A higher ratio indicates more efficient asset utilization.
In 2023, the total asset turnover slightly decreased to 0.67 from 0.68 in 2022. This may suggest a slight decrease in the company's ability to generate sales from its total assets. However, the ratio remains relatively stable within this range.
Comparing the current ratio to previous years, the company achieved its highest total asset turnover of 0.68 in 2022, indicating a peak efficiency in generating sales relative to its assets. In 2021 and 2020, the ratios were consistent at 0.54, indicating a period of lower efficiency in asset turnover. In 2019, the ratio improved to 0.63 from the previous years but fell back in subsequent years.
Overall, although there have been fluctuations, the total asset turnover of Stanley Black & Decker Inc indicates varying levels of efficiency in utilizing its assets to generate sales revenue over the past five years.
Peer comparison
Dec 31, 2023