Union Pacific Corporation (UNP)
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 | 23,193,000 | 23,381,000 | 24,038,000 | 24,298,000 | 23,955,000 | 22,534,000 | 21,746,000 | 21,297,000 | 20,745,000 | 21,212,000 | 20,565,000 | 19,305,000 | 19,533,000 | 19,604,000 | 20,201,000 | 21,553,000 | 21,708,000 | 22,253,000 | 22,665,000 | 22,741,000 |
| Total assets | US$ in thousands | 67,132,000 | 66,540,000 | 66,033,000 | 65,968,000 | 65,449,000 | 65,343,000 | 64,440,000 | 64,051,000 | 63,525,000 | 62,360,000 | 62,073,000 | 61,793,000 | 62,398,000 | 63,714,000 | 63,555,000 | 62,216,000 | 61,673,000 | 61,978,000 | 61,708,000 | 61,319,000 |
| Total asset turnover | 0.35 | 0.35 | 0.36 | 0.37 | 0.37 | 0.34 | 0.34 | 0.33 | 0.33 | 0.34 | 0.33 | 0.31 | 0.31 | 0.31 | 0.32 | 0.35 | 0.35 | 0.36 | 0.37 | 0.37 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,193,000K ÷ $67,132,000K
= 0.35
Based on the total asset turnover data provided for Union Pacific Corp. over the past eight quarters, the company's performance in utilizing its assets to generate revenue has been relatively consistent with minor fluctuations. The total asset turnover ratio has ranged between 0.35 and 0.38 during this period.
A total asset turnover ratio of 0.36 to 0.38 indicates that for every dollar invested in total assets, Union Pacific generates between $0.36 and $0.38 in revenue. This suggests that the company is efficiently utilizing its assets to generate sales. A higher total asset turnover ratio is generally favorable as it indicates a more efficient use of assets in generating revenue.
The consistent performance of Union Pacific Corp. in terms of total asset turnover over the past eight quarters reflects the company's ability to effectively manage its assets to drive revenue generation. It also indicates the company's operational efficiency and effectiveness in utilizing its resources to meet its business objectives.
Peer comparison
Dec 31, 2023
See also:
Union Pacific Corporation Total Asset Turnover (Quarterly Data)