Vontier Corp (VNT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,970,600 | 3,081,000 | 3,083,800 | 2,921,100 | 2,671,300 |
| Total assets | US$ in thousands | 4,310,500 | 4,294,000 | 4,343,300 | 4,349,800 | 3,073,000 |
| Total asset turnover | 0.69 | 0.72 | 0.71 | 0.67 | 0.87 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,970,600K ÷ $4,310,500K
= 0.69
To analyze Vontier Corp's total asset turnover, we calculate the ratio of net sales to average total assets. The total asset turnover for Vontier Corp has been declining over the past five years. In December 31, 2020, the total asset turnover was 0.87, indicating that for every dollar of total assets, the company generated $0.87 in sales. However, this ratio decreased to 0.67 by December 31, 2021, suggesting a decrease in efficiency in utilizing its assets to generate revenue.
Although there was a slight improvement in the total asset turnover to 0.71 in December 31, 2022, and further to 0.72 by December 31, 2023, the ratio remained below the initial level in 2020. By December 31, 2024, the total asset turnover decreased again to 0.69. This downward trend in total asset turnover indicates a need for Vontier Corp to assess and potentially enhance its asset management efficiency to maximize revenue generation in relation to its total asset base.
Peer comparison
Dec 31, 2024