Stanley Black & Decker Inc (SWK)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,781,100 | 16,031,400 | 16,197,100 | 16,431,200 | 16,947,400 | 16,942,500 | 16,602,600 | 16,008,500 | 15,281,300 | 15,302,100 | 15,010,500 | 14,017,900 | 13,057,700 | 12,769,200 | 12,914,200 | 13,869,200 | 14,442,200 | 14,362,700 | 14,362,700 | 14,362,700 |
| Total assets | US$ in thousands | 23,663,800 | 24,097,100 | 24,933,200 | 25,071,700 | 24,963,300 | 25,523,900 | 29,361,400 | 29,358,700 | 28,180,000 | 24,326,600 | 23,962,900 | 23,876,000 | 23,566,300 | 23,040,900 | 22,984,400 | 22,905,000 | 20,596,600 | 21,322,500 | 21,523,600 | 21,460,300 |
| Total asset turnover | 0.67 | 0.67 | 0.65 | 0.66 | 0.68 | 0.66 | 0.57 | 0.55 | 0.54 | 0.63 | 0.63 | 0.59 | 0.55 | 0.55 | 0.56 | 0.61 | 0.70 | 0.67 | 0.67 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,781,100K ÷ $23,663,800K
= 0.67
The total asset turnover ratio for Stanley Black & Decker Inc has displayed fluctuating trends over the past few quarters. The ratio has ranged from a low of 0.54 to a high of 0.70 during the period under consideration. A lower total asset turnover ratio indicates that the company is generating less revenue per dollar of assets, which may imply inefficiency in asset utilization. Conversely, a higher ratio suggests better efficiency in generating sales from its assets.
Overall, the average total asset turnover ratio for Stanley Black & Decker Inc appears to be around 0.63, reflecting a moderate level of efficiency in utilizing its assets to generate revenue. It will be important to monitor the trend of this ratio over time to assess the company's ability to efficiently utilize its assets in generating sales.
Peer comparison
Dec 31, 2023