Trimble Inc (TRMB)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,683,300 | 3,632,300 | 3,713,800 | 3,836,600 | 3,798,700 | 3,722,800 | 3,650,400 | 3,598,000 | 3,676,300 | 3,745,800 | 3,762,300 | 3,766,300 | 3,659,100 | 3,562,800 | 3,453,500 | 3,241,900 | 3,147,700 | 3,142,000 | 3,133,800 | 3,255,000 |
| Total assets | US$ in thousands | 9,488,300 | 9,866,700 | 9,597,800 | 9,321,200 | 9,539,300 | 9,330,700 | 9,556,300 | 8,012,900 | 7,269,000 | 7,077,700 | 6,919,500 | 7,177,400 | 7,099,600 | 7,003,400 | 6,962,200 | 6,780,500 | 6,876,900 | 6,624,300 | 6,645,000 | 6,705,700 |
| Total asset turnover | 0.39 | 0.37 | 0.39 | 0.41 | 0.40 | 0.40 | 0.38 | 0.45 | 0.51 | 0.53 | 0.54 | 0.52 | 0.52 | 0.51 | 0.50 | 0.48 | 0.46 | 0.47 | 0.47 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,683,300K ÷ $9,488,300K
= 0.39
The total asset turnover of Trimble Inc has shown fluctuations over the years, ranging from 0.37 to 0.54. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover implies that Trimble Inc is generating more revenue per dollar of assets, suggesting better asset utilization. On the other hand, a lower total asset turnover may indicate inefficiencies in asset management or a decrease in sales relative to the size of its asset base. It is important for Trimble Inc to monitor and improve its total asset turnover to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2024