NCR Voyix Corporation (VYX)
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 | 6,589,000 | 7,570,000 | 7,531,000 | 7,566,000 | 7,558,000 | 7,865,000 | 7,767,000 | 7,454,000 | 7,156,000 | 6,536,000 | 6,332,000 | 6,203,000 | 6,207,000 | 6,462,000 | 6,656,000 | 6,882,000 | 6,915,000 | 6,830,000 | 6,597,000 | 6,424,000 |
| Total assets | US$ in thousands | 4,990,000 | 13,215,000 | 11,275,000 | 11,440,000 | 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 | 8,987,000 | 8,451,000 | 8,222,000 | 8,198,000 |
| Total asset turnover | 1.32 | 0.57 | 0.67 | 0.66 | 0.66 | 0.67 | 0.66 | 0.64 | 0.61 | 0.56 | 0.52 | 0.71 | 0.74 | 0.66 | 0.67 | 0.72 | 0.77 | 0.81 | 0.80 | 0.78 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,589,000K ÷ $4,990,000K
= 1.32
The total asset turnover ratio for NCR Voyix Corporation has varied over the past two years, ranging from 0.52 to 1.32. The ratio measures the efficiency of the company in generating sales revenue relative to its total assets. A higher ratio indicates that the company is able to generate more revenue per dollar of assets, reflecting better asset utilization.
In the most recent quarter, the total asset turnover stood at 0.57, indicating that for every dollar of assets, the company generated $0.57 in sales. This figure has fluctuated over the previous quarters, with some quarters showing improvements in asset turnover while others experienced declines.
It is important for NCR Voyix Corporation to closely monitor its total asset turnover ratio as it can provide insights into the effectiveness of the company's asset management and operational efficiency. By analyzing trends in this ratio, the company can identify areas for improvement and make strategic decisions to optimize asset utilization and maximize revenue generation.