Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 | |||
| Total assets | US$ in thousands | 4,294,000 | 4,221,900 | 4,205,600 | 4,278,500 | 4,343,300 | 4,263,700 | 4,219,200 | 4,300,100 | 4,349,800 | 4,171,600 | 3,339,700 | 3,284,100 |
| Total asset turnover | 0.72 | 0.75 | 0.76 | 0.74 | 0.72 | 0.72 | 0.72 | 0.69 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,100,500K ÷ $4,294,000K
= 0.72
The total asset turnover of Vontier Corporation has shown relatively consistent performance over the past eight quarters, ranging between 0.70 and 0.76. The metric indicates the company's ability to generate revenue from its total assets.
The trend suggests that Vontier has been effectively utilizing its assets to generate sales, with a moderate level of fluctuation. The current average total asset turnover of around 0.74 indicates that, on average, the company is generating $0.74 in revenue for every dollar of assets employed.
Overall, the total asset turnover ratio for Vontier Corporation reflects a stable operational efficiency in utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2023