TE Connectivity Ltd (TEL)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,808,000 | 15,756,000 | 15,755,000 | 15,947,000 | 15,954,000 | 16,279,000 | 16,380,000 | 16,229,000 | 16,215,000 | 15,678,000 | 15,430,000 | 15,166,000 | 14,867,000 | 14,324,000 | 13,028,000 | 12,487,000 | 12,136,000 | 12,175,000 | 13,016,000 | 13,229,000 |
| Total assets | US$ in thousands | 22,854,000 | 22,898,000 | 22,824,000 | 23,071,000 | 21,712,000 | 21,701,000 | 21,490,000 | 21,353,000 | 20,782,000 | 21,348,000 | 21,451,000 | 21,409,000 | 21,462,000 | 21,058,000 | 20,967,000 | 20,266,000 | 19,242,000 | 18,840,000 | 19,367,000 | 19,976,000 |
| Total asset turnover | 0.69 | 0.69 | 0.69 | 0.69 | 0.73 | 0.75 | 0.76 | 0.76 | 0.78 | 0.73 | 0.72 | 0.71 | 0.69 | 0.68 | 0.62 | 0.62 | 0.63 | 0.65 | 0.67 | 0.66 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,808,000K ÷ $22,854,000K
= 0.69
TE Connectivity Ltd maintained a relatively stable total asset turnover ratio throughout the monitoring period, ranging from 0.69 to 0.78. The ratio indicates that the company generated sales revenue of less than a dollar for each dollar of assets invested in its operations. The slight decline in the ratio from 0.78 to 0.69 over the period may suggest a decrease in efficiency in utilizing assets to generate sales. However, the ratio remained above 0.6, indicating that TE Connectivity effectively utilized its assets to generate revenue. Further analysis of the company's operational and financial strategies may provide insight into the factors contributing to the fluctuations in the total asset turnover ratio.
Peer comparison
Sep 30, 2024