United Rentals Inc (URI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Total assets | US$ in thousands | 28,163,000 | 25,589,000 | 24,183,000 | 20,292,000 | 17,868,000 |
| Total asset turnover | 0.54 | 0.56 | 0.48 | 0.48 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,345,000K ÷ $28,163,000K
= 0.54
United Rentals Inc's total asset turnover has remained relatively stable around 0.48 from December 31, 2020, to December 31, 2022. However, there was a slight improvement in this ratio to 0.56 as of December 31, 2023. This indicates that the company generated $0.56 in revenue for every $1 of assets during that period. The ratio then decreased to 0.54 as of December 31, 2024, suggesting a slight decline in efficiency in utilizing its assets to generate sales. Overall, the trend in total asset turnover suggests that United Rentals Inc has been maintaining a moderate level of efficiency in generating revenue relative to its asset base, with slight fluctuations in recent years.
Peer comparison
Dec 31, 2024