NCR Voyix Corporation (VYX)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,826,000 | 3,412,000 | 4,718,000 | 5,828,000 | 6,857,000 | 7,903,000 | 7,858,000 | 7,869,000 | 7,844,000 | 7,869,000 | 7,798,000 | 7,478,000 | 7,156,000 | 6,753,000 | 6,441,000 | 6,248,000 | 6,207,000 | 6,462,000 | 6,656,000 | 6,882,000 |
| Total assets | US$ in thousands | 4,452,000 | 4,674,000 | 4,783,000 | 5,007,000 | 4,990,000 | 13,223,000 | 11,279,000 | 11,442,000 | 11,507,000 | 11,783,000 | 11,756,000 | 11,715,000 | 11,641,000 | 11,589,000 | 12,063,000 | 8,702,000 | 8,414,000 | 9,828,000 | 9,949,000 | 9,555,000 |
| Total asset turnover | 0.63 | 0.73 | 0.99 | 1.16 | 1.37 | 0.60 | 0.70 | 0.69 | 0.68 | 0.67 | 0.66 | 0.64 | 0.61 | 0.58 | 0.53 | 0.72 | 0.74 | 0.66 | 0.67 | 0.72 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,826,000K ÷ $4,452,000K
= 0.63
NCR Voyix Corporation's total asset turnover has exhibited fluctuations over the analyzed period. Starting at 0.72 on March 31, 2020, the ratio declined to 0.53 by June 30, 2021, indicating a decrease in asset efficiency in generating sales. However, there was a subsequent improvement in the metric, reaching 1.37 by December 31, 2023, suggesting a significant increase in sales relative to total assets.
Following this peak, the total asset turnover ratio moderated, declining to 0.63 by December 31, 2024. Despite the fluctuations, the general trend shows some inconsistency in asset utilization efficiency. The company should further analyze the factors influencing these fluctuations in total asset turnover to maintain or improve its operational efficiency and profitability.