United Parcel Service Inc (UPS)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 90,982,000 | 90,598,000 | 89,414,000 | 89,698,000 | 90,958,000 | 93,074,000 | 96,174,000 | 98,885,000 | 100,338,000 | 101,076,000 | 100,099,000 | 98,757,000 | 97,287,000 | 94,412,000 | 92,466,000 | 89,501,000 | 84,628,000 | 80,300,000 | 77,380,000 | 74,969,000 |
| Total assets | US$ in thousands | 70,070,000 | 68,263,000 | 69,418,000 | 67,628,000 | 70,857,000 | 70,281,000 | 70,347,000 | 72,189,000 | 71,124,000 | 69,544,000 | 70,089,000 | 70,113,000 | 69,405,000 | 65,739,000 | 64,869,000 | 63,312,000 | 62,492,000 | 62,406,000 | 62,057,000 | 60,895,000 |
| Total asset turnover | 1.30 | 1.33 | 1.29 | 1.33 | 1.28 | 1.32 | 1.37 | 1.37 | 1.41 | 1.45 | 1.43 | 1.41 | 1.40 | 1.44 | 1.43 | 1.41 | 1.35 | 1.29 | 1.25 | 1.23 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $90,982,000K ÷ $70,070,000K
= 1.30
United Parcel Service Inc's total asset turnover has shown a general increasing trend over the past years, indicating that the company has been more effective in generating revenue from its assets. The ratio increased from 1.23 in March 2020 to 1.30 in December 2024, with some fluctuations in between. This suggests that UPS has been able to efficiently utilize its assets to generate sales. The ratio peaked at 1.45 in September 2022, indicating the highest level of asset productivity during that period. However, it slightly declined afterwards but remained relatively stable above 1.30. Overall, the increasing trend in total asset turnover reflects UPS's ability to effectively manage its assets to drive revenue growth.
See also:
United Parcel Service Inc Total Asset Turnover (Quarterly Data)