Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,992,600 | 2,992,500 | 3,008,700 | 3,112,800 | 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 | 4,310,500 | 4,307,100 | 4,235,900 | 4,305,800 | 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 |
| Total asset turnover | 0.69 | 0.69 | 0.71 | 0.72 | 0.72 | 0.75 | 0.76 | 0.74 | 0.72 | 0.72 | 0.72 | 0.69 | 0.67 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,992,600K ÷ $4,310,500K
= 0.69
The total asset turnover of Vontier Corp shows a fluctuating trend over the reported periods, ranging from 0.67 to 0.76. The metric indicates how efficiently the company is utilizing its assets to generate revenue, with a higher value suggesting better asset utilization.
Vontier Corp experienced a gradual improvement in total asset turnover from December 31, 2021, to June 30, 2023, reaching a peak of 0.76. This could indicate effective management of assets to drive revenue generation during this period.
However, from September 30, 2023, to December 31, 2024, the total asset turnover declined to around 0.69, indicating a potential decrease in asset efficiency in generating revenue.
Overall, Vontier Corp's total asset turnover ratio shows variability, suggesting fluctuations in asset efficiency and revenue generation over the reported periods. An in-depth analysis of the factors influencing this metric would be beneficial to understand the company's operational performance comprehensively.
Peer comparison
Dec 31, 2024