NCR Voyix Corporation (VYX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,826,000 | 3,830,000 | 7,844,000 | 7,156,000 | 6,207,000 |
| Total assets | US$ in thousands | 4,452,000 | 4,990,000 | 11,507,000 | 11,641,000 | 8,414,000 |
| Total asset turnover | 0.63 | 0.77 | 0.68 | 0.61 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,826,000K ÷ $4,452,000K
= 0.63
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. In the case of NCR Voyix Corporation, the trend in total asset turnover from December 31, 2020, to December 31, 2024, shows fluctuations.
- In 2020, the total asset turnover was 0.74, indicating that for every dollar of assets owned by the company, it generated $0.74 in revenue.
- The ratio decreased to 0.61 by December 31, 2021, suggesting a decrease in efficiency in utilizing assets to generate revenue.
- However, there was an improvement in 2022 with a total asset turnover of 0.68, showing a slight increase in revenue generation relative to assets.
- By December 31, 2023, the total asset turnover further improved to 0.77, indicating the company was able to generate more revenue per dollar of assets.
- Finally, by the end of December 31, 2024, the ratio declined to 0.63, suggesting a decrease in efficiency in utilizing assets to generate revenue compared to the previous year.
Overall, the trend in NCR Voyix Corporation's total asset turnover reflects variability in how effectively the company is utilizing its assets to generate revenue over the years analyzed. Further analysis may be needed to understand the underlying reasons for these fluctuations in the ratio.