Union Pacific Corporation (UNP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,513,000 | 23,193,000 | 24,161,000 | 20,745,000 | 19,533,000 |
| Total assets | US$ in thousands | 67,715,000 | 67,132,000 | 65,449,000 | 63,525,000 | 62,398,000 |
| Total asset turnover | 0.36 | 0.35 | 0.37 | 0.33 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $24,513,000K ÷ $67,715,000K
= 0.36
The total asset turnover ratio of Union Pacific Corporation has shown a gradual improvement over the past five years. In December 31, 2020, the ratio was 0.31, indicating that the company generated 0.31 in revenue for every $1 of assets. By December 31, 2024, this ratio had increased to 0.36, signifying that the company was able to generate more revenue for each dollar of assets held. This trend suggests that Union Pacific Corporation has been utilizing its assets more efficiently to drive sales growth. However, it is worth noting that there was a slight decrease in the total asset turnover ratio from 2023 to 2024. Further analysis of the company's operations and market conditions may be necessary to understand the factors contributing to this fluctuation.
Peer comparison
Dec 31, 2024