Visteon Corp (VC)
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 | 3,954,000 | 4,022,000 | 4,036,000 | 3,902,000 | 3,756,000 | 3,478,000 | 3,083,000 | 2,846,000 | 2,774,000 | 2,768,000 | 2,886,000 | 2,649,000 | 2,548,000 | 2,505,000 | 2,489,000 | 2,851,000 | 2,945,000 | 2,932,000 | 2,882,000 | 2,907,000 |
| Total assets | US$ in thousands | 2,727,000 | 2,357,000 | 2,321,000 | 2,405,000 | 2,450,000 | 2,326,000 | 2,146,000 | 2,243,000 | 2,234,000 | 2,060,000 | 2,122,000 | 2,171,000 | 2,271,000 | 2,164,000 | 2,320,000 | 2,488,000 | 2,271,000 | 2,164,000 | 2,192,000 | 2,182,000 |
| Total asset turnover | 1.45 | 1.71 | 1.74 | 1.62 | 1.53 | 1.50 | 1.44 | 1.27 | 1.24 | 1.34 | 1.36 | 1.22 | 1.12 | 1.16 | 1.07 | 1.15 | 1.30 | 1.35 | 1.31 | 1.33 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,954,000K ÷ $2,727,000K
= 1.45
Visteon Corp.'s total asset turnover ratio has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio is generally preferred as it signifies that the company is able to generate more sales with lesser assets.
Analyzing the data provided, we observe that the total asset turnover ratio has ranged from a low of 1.27 in Q1 2022 to a high of 1.74 in Q2 2023. The ratio experienced an overall upward trend from Q1 2022 to Q2 2023, indicating improved asset utilization during this period.
However, the ratio dipped slightly in Q4 2023 compared to the previous quarter, standing at 1.45. This decrease could be attributed to various factors such as changes in sales volume, asset efficiency, or asset base.
It is important for Visteon Corp. to consistently monitor and manage its asset turnover to ensure optimal performance and efficiency in utilizing its resources. Further analysis of the underlying factors influencing the fluctuations in the total asset turnover ratio would provide deeper insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023