Valvoline Inc (VVV)
Total asset turnover
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,659,000 | 1,570,900 | 1,525,700 | 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 |
| Total assets | US$ in thousands | 2,438,700 | 2,375,600 | 2,763,000 | 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 |
| Total asset turnover | 0.68 | 0.66 | 0.55 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,659,000K ÷ $2,438,700K
= 0.68
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. The ratio is calculated by dividing the company's net sales by its average total assets.
In the case of Valvoline Inc, the total asset turnover ratio has fluctuated over the past five years, ranging from a low of 0.46 to a high of 1.06. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales revenue, while a lower ratio suggests inefficiency in asset utilization.
From the data provided, it is evident that there has been some variability in Valvoline Inc's total asset turnover ratio, with a general downward trend from 2019 to 2023 before experiencing an increase in 2024. The ratio ranged from 0.46 to 0.92 over the past five years, with the most recent value being 0.68 as of September 30, 2024.
This trend suggests that Valvoline Inc may have experienced challenges or changes in its asset utilization efficiency in recent years, but the increase in the total asset turnover ratio in 2024 could indicate improvements in this aspect. It would be important for the company to continue monitoring and optimizing its asset management strategies to ensure continued efficiency in generating sales from its assets.
Peer comparison
Sep 30, 2024