Trane Technologies plc (TT)

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	17,422,900	17,077,000	16,568,400	16,055,800	15,750,100	15,248,500	14,597,800	14,234,700	13,892,000	13,496,200	13,266,900	12,575,200	12,196,000	13,164,400	14,008,900	15,396,900	16,343,600	16,500,000	16,202,200	16,044,100
Total assets	US$ in thousands	19,391,900	18,903,200	18,906,500	17,897,400	18,081,600	17,739,800	17,680,800	17,636,900	18,059,800	18,202,200	18,369,400	17,824,800	18,156,700	17,939,400	17,223,600	17,635,600	20,492,300	20,306,900	20,667,600	19,781,000
Total asset turnover		0.90	0.90	0.88	0.90	0.87	0.86	0.83	0.81	0.77	0.74	0.72	0.71	0.67	0.73	0.81	0.87	0.80	0.81	0.78	0.81

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,422,900K ÷ $19,391,900K
= 0.90

Trane Technologies plc's total asset turnover has shown a relatively consistent performance over the past eight quarters, ranging from 0.82 to 0.92. The metric measures the efficiency of the company in generating sales from its total assets.

The ratio indicates how effectively the company is utilizing its assets to generate revenue. A higher total asset turnover ratio generally suggests that the company is efficiently using its assets to generate sales.

Trane Technologies plc's total asset turnover has been relatively stable, with minor fluctuations within the range of 0.82 to 0.92. Overall, the company appears to be maintaining a reasonable level of efficiency in generating sales relative to its total assets over the analyzed period.

Trane Technologies plc (TT)

Total asset turnover

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