Valvoline Inc (VVV)
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 | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 | 2,390,000 | 2,355,000 | 2,319,000 |
| Total assets | US$ in thousands | 2,709,300 | 2,889,900 | 2,985,500 | 4,280,400 | 3,551,500 | 3,416,800 | 3,348,000 | 3,248,000 | 3,183,000 | 3,191,000 | 3,049,000 | 2,921,000 | 3,156,000 | 3,051,000 | 2,963,000 | 2,917,000 | 2,297,000 | 2,064,000 | 2,000,000 | 1,914,000 |
| Total asset turnover | 0.55 | 0.50 | 0.47 | 0.46 | 0.71 | 0.89 | 0.89 | 0.87 | 0.83 | 0.77 | 0.92 | 0.86 | 0.76 | 0.77 | 0.79 | 0.83 | 1.06 | 1.16 | 1.18 | 1.21 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,481,500K ÷ $2,709,300K
= 0.55
The total asset turnover ratio for Valvoline Inc has fluctuated over the recent quarters. In Q1 2024, the ratio stood at 0.55, indicating that the company generated $0.55 in revenue for every $1 of total assets. This represents an improvement compared to the previous quarter, Q4 2023, where the ratio was 0.50.
In Q3 2023, the total asset turnover ratio was negative at -0.14, suggesting that the company had difficulties utilizing its assets efficiently to generate revenue during that period. However, this was followed by a significant improvement in Q2 2023, where the ratio increased to 0.04.
The total asset turnover improved further in Q1 2023 and Q4 2022, reaching 0.20 and 0.36, respectively. The company's best performance in terms of asset turnover was seen in Q3 2022 and Q2 2022, with ratios of 1.06 and 1.04, respectively.
Overall, the trend in total asset turnover for Valvoline Inc shows variability, with some quarters demonstrating strong asset utilization to generate revenue, while others showing fluctuations and challenges in efficiency. Analyzing the reasons behind these fluctuations can provide valuable insights into the company's operational performance and management of its assets.
Peer comparison
Dec 31, 2023