Trimble Inc (TRMB)
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 | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Total assets | US$ in thousands | 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 | 6,640,700 | 5,803,900 | 5,876,100 | 5,920,100 |
| Total asset turnover | 0.40 | 0.38 | 0.37 | 0.45 | 0.51 | 0.54 | 0.55 | 0.52 | 0.52 | 0.51 | 0.50 | 0.48 | 0.46 | 0.48 | 0.47 | 0.49 | 0.49 | 0.56 | 0.56 | 0.54 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,821,600K ÷ $9,539,300K
= 0.40
Trimble Inc's total asset turnover has shown some fluctuations over the last several quarters. The ratio measures the company's ability to generate sales revenue from its assets. A higher total asset turnover generally indicates that the company is effectively utilizing its assets to generate revenue.
In the most recent quarter, the total asset turnover was 0.40, representing a slight decrease from the previous quarter's 0.45. The trend over the last year shows a general decline in total asset turnover from a peak of 0.56 to the current level of 0.40.
The decreasing trend in total asset turnover may suggest that Trimble Inc's sales are not keeping pace with the growth in its total assets. This could be due to various factors such as inefficiencies in asset utilization, declining demand for its products or services, or increased competition affecting sales performance.
Investors and analysts may want to closely monitor Trimble Inc's total asset turnover ratio to assess the company's ability to generate sales from its assets efficiently and identify any underlying issues that may be impacting its operational performance.
Peer comparison
Dec 31, 2023