Union Pacific Corporation (UNP)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,193,000 | 24,161,000 | 20,745,000 | 19,533,000 | 21,708,000 |
| Total assets | US$ in thousands | 67,132,000 | 65,449,000 | 63,525,000 | 62,398,000 | 61,673,000 |
| Total asset turnover | 0.35 | 0.37 | 0.33 | 0.31 | 0.35 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,193,000K ÷ $67,132,000K
= 0.35
The total asset turnover ratio for Union Pacific Corp. has exhibited fluctuations over the past five years. The ratio ranged from 0.31 in 2020 to 0.38 in 2022, with an average of 0.348. This ratio indicates that, on average, the company generated $0.348 in revenue for every dollar of assets held during the period. A total asset turnover below 1 suggests that the company is not efficiently utilizing its assets to generate revenue. Although there have been slight variations in the ratio, maintaining an average above 0.30 reflects a reasonably efficient use of assets to generate revenue. Continued monitoring of this ratio can provide insights into the company's operational efficiency and asset management practices.
Peer comparison
Dec 31, 2023