Westinghouse Air Brake Technologies Corp (WAB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,364,000 | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 |
| Total assets | US$ in thousands | 18,702,000 | 18,988,000 | 18,516,000 | 18,454,000 | 18,454,000 |
| Total asset turnover | 0.55 | 0.50 | 0.44 | 0.41 | 0.40 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,364,000K ÷ $18,702,000K
= 0.55
Westinghouse Air Brake Technologies Corp's total asset turnover has shown a positive trend over the years, increasing from 0.40 in December 31, 2020, to 0.55 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which is a favorable sign of efficiency in asset utilization. The improvement in total asset turnover suggests that the company is becoming more effective in generating sales from its asset base. This could be attributed to better management of assets, improved operational efficiency, or strategic investments that are generating higher returns. Overall, a higher total asset turnover ratio reflects a healthy operational performance and efficient asset management within Westinghouse Air Brake Technologies Corp.
Peer comparison
Dec 31, 2024