United Rentals Inc (URI)
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 | 15,345,000 | 14,978,000 | 14,751,000 | 14,532,000 | 14,332,000 | 13,900,000 | 13,186,000 | 12,403,000 | 11,642,000 | 11,122,000 | 10,667,000 | 10,183,000 | 9,716,000 | 9,219,000 | 8,810,000 | 8,462,000 | 8,530,000 | 8,707,000 | 9,008,000 | 9,359,000 |
| Total assets | US$ in thousands | 28,163,000 | 28,412,000 | 27,613,000 | 26,658,000 | 25,589,000 | 25,832,000 | 25,506,000 | 24,629,000 | 24,183,000 | 21,419,000 | 20,820,000 | 20,169,000 | 20,292,000 | 20,306,000 | 19,641,000 | 17,542,000 | 17,868,000 | 17,908,000 | 17,900,000 | 18,868,000 |
| Total asset turnover | 0.54 | 0.53 | 0.53 | 0.55 | 0.56 | 0.54 | 0.52 | 0.50 | 0.48 | 0.52 | 0.51 | 0.50 | 0.48 | 0.45 | 0.45 | 0.48 | 0.48 | 0.49 | 0.50 | 0.50 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,345,000K ÷ $28,163,000K
= 0.54
United Rentals Inc's total asset turnover ratio has shown some fluctuations over the past five years, ranging between 0.45 and 0.56. This ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is using its assets more effectively to generate revenue.
From March 31, 2020, to December 31, 2021, there was a slight decline in the total asset turnover ratio from 0.50 to 0.48, possibly indicating a decrease in the company's ability to generate sales from its assets during this period. However, from March 31, 2022, to December 31, 2024, there was a gradual improvement in the ratio, reaching its peak at 0.56 by the end of December 2024.
Overall, the trend in United Rentals Inc's total asset turnover ratio suggests that the company has been able to enhance its efficiency in utilizing its assets to generate sales revenue, especially in the more recent periods. This improvement may signify better operational management and asset utilization within the company.
Peer comparison
Dec 31, 2024