United Parcel Service Inc (UPS)
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 | 90,120,000 | 92,386,000 | 95,508,000 | 98,239,000 | 99,706,000 | 99,824,000 | 99,024,000 | 97,853,000 | 96,557,000 | 94,412,000 | 92,466,000 | 89,501,000 | 84,628,000 | 80,300,000 | 77,380,000 | 74,969,000 | 74,094,000 | 73,374,000 | 72,500,000 | 71,908,000 |
| Total assets | US$ in thousands | 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 | 62,408,000 | 62,406,000 | 62,057,000 | 60,895,000 | 57,857,000 | 53,282,000 | 52,787,000 | 52,061,000 |
| Total asset turnover | 1.27 | 1.31 | 1.36 | 1.36 | 1.40 | 1.44 | 1.41 | 1.40 | 1.39 | 1.44 | 1.43 | 1.41 | 1.36 | 1.29 | 1.25 | 1.23 | 1.28 | 1.38 | 1.37 | 1.38 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $90,120,000K ÷ $70,857,000K
= 1.27
United Parcel Service, Inc.'s total asset turnover has displayed a decreasing trend over the past eight quarters, with values ranging from 1.28 to 1.45. This ratio indicates that the company generated $1.28 to $1.45 in sales revenue for every dollar of total assets during the respective quarters. The declining trend suggests that the company may be becoming less efficient in utilizing its assets to generate sales. However, it is important to conduct a detailed analysis of the company's operations and industry dynamics to understand the underlying factors contributing to this trend.
See also:
United Parcel Service Inc Total Asset Turnover (Quarterly Data)