Trimble Inc (TRMB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Total assets | US$ in thousands | 9,488,300 | 9,539,300 | 7,269,000 | 7,099,600 | 6,876,900 |
| Total asset turnover | 0.39 | 0.40 | 0.51 | 0.52 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,683,300K ÷ $9,488,300K
= 0.39
The total asset turnover ratio for Trimble Inc has shown fluctuation over the past five years. In December 31, 2020, the ratio stood at 0.46, indicating that the company generated $0.46 in sales for every dollar of assets. Subsequently, there was an improvement in the ratio in 2021 and 2022, reaching 0.52 and 0.51 respectively, suggesting enhanced efficiency in asset utilization.
However, there was a decline in the total asset turnover ratio in 2023 and 2024, dropping to 0.40 and 0.39 respectively. This decrease may indicate potential inefficiencies in managing and utilizing the company's assets to generate revenue. Overall, the trend in the total asset turnover ratio for Trimble Inc reflects mixed performance in asset utilization efficiency over the analyzed period.
Peer comparison
Dec 31, 2024