Terex Corporation (TEX)
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 | 5,151,500 | 5,146,500 | 4,976,900 | 4,650,900 | 4,417,700 | 4,190,200 | 4,063,500 | 4,025,100 | 3,886,800 | 3,683,400 | 3,455,200 | 3,107,000 | 3,076,400 | 3,174,700 | 3,433,700 | 4,050,100 | 4,353,100 | 4,093,400 | 4,297,300 | 4,243,400 |
| Total assets | US$ in thousands | 3,615,500 | 3,461,100 | 3,415,200 | 3,281,200 | 3,118,100 | 2,976,500 | 2,993,700 | 2,939,900 | 2,863,500 | 3,067,900 | 3,068,500 | 2,965,500 | 3,031,800 | 2,915,200 | 2,864,300 | 3,114,700 | 3,195,600 | 3,160,700 | 3,603,100 | 3,654,800 |
| Total asset turnover | 1.42 | 1.49 | 1.46 | 1.42 | 1.42 | 1.41 | 1.36 | 1.37 | 1.36 | 1.20 | 1.13 | 1.05 | 1.01 | 1.09 | 1.20 | 1.30 | 1.36 | 1.30 | 1.19 | 1.16 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,151,500K ÷ $3,615,500K
= 1.42
The total asset turnover of Terex Corp. has been relatively stable over the past eight quarters, ranging between 1.36 and 1.49. This ratio indicates that, on average, the company generates between $1.36 and $1.49 in revenue for every dollar of assets it holds.
While there have been some fluctuations in the total asset turnover figure, it generally remained around the 1.4 mark, reflecting a consistent level of efficiency in utilizing its assets to generate revenue. Overall, Terex Corp. seems to be effectively managing its assets to generate sales and maintain a stable performance in terms of asset turnover.