Visteon Corp (VC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,954,000 | 3,756,000 | 2,773,000 | 2,548,000 | 2,945,000 |
| Total assets | US$ in thousands | 2,727,000 | 2,450,000 | 2,234,000 | 2,271,000 | 2,271,000 |
| Total asset turnover | 1.45 | 1.53 | 1.24 | 1.12 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,954,000K ÷ $2,727,000K
= 1.45
The total asset turnover ratio of Visteon Corp. has fluctuated over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In 2023, the total asset turnover ratio was 1.45, which means that for every dollar of total assets, the company generated $1.45 in revenue. This represents a slight decrease from the previous year.
In 2022, the total asset turnover ratio was 1.53, indicating an improvement in asset utilization compared to 2023. The company was more efficient in generating revenue from its assets in this period.
In 2021, the total asset turnover ratio was 1.24, reflecting a decrease in asset efficiency compared to the previous year. The company generated $1.24 in revenue for every dollar of total assets.
In 2020, the total asset turnover ratio was 1.12, which suggests a decrease in asset efficiency compared to 2021. The company generated $1.12 in revenue for every dollar of total assets.
In 2019, the total asset turnover ratio was 1.30, indicating better asset efficiency compared to 2020. The company generated $1.30 in revenue for every dollar of total assets.
Overall, the trend in total asset turnover for Visteon Corp. shows fluctuations, with periods of improvements and declines in asset utilization efficiency over the past five years. It's important for the company to strive for higher asset turnover ratios to maximize revenue generation from its assets.
Peer comparison
Dec 31, 2023