NCR Voyix Corporation (VYX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Total assets | US$ in thousands | 4,990,000 | 11,507,000 | 11,641,000 | 8,414,000 | 8,987,000 |
| Total asset turnover | 0.70 | 0.66 | 0.61 | 0.74 | 0.77 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,483,000K ÷ $4,990,000K
= 0.70
Total asset turnover measures a company's ability to generate sales relative to its total assets. In the case of NCR Voyix Corporation, the trend in total asset turnover over the past five years shows some fluctuations.
In 2023, the total asset turnover ratio was 0.70, which indicates that the company generated $0.70 in sales for every dollar of total assets. This represents an improvement compared to the previous year when the ratio was 0.66.
However, when looking at a longer-term trend, the total asset turnover ratio has shown some variability. In 2021, the ratio was 0.61, reflecting a decline from the previous year's ratio of 0.74. The highest total asset turnover ratio in the last five years was observed in 2019 at 0.77.
Overall, the fluctuations in the total asset turnover ratio suggest that NCR Voyix Corporation's efficiency in generating sales from its total assets has varied over the years. Further analysis may be needed to understand the underlying factors driving these fluctuations and to assess the company's operational efficiency and asset utilization.