Westinghouse Air Brake Technologies Corp (WAB)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Total assets | US$ in thousands | 18,988,000 | 18,516,000 | 18,454,000 | 18,454,000 | 18,944,200 |
| Total asset turnover | 0.50 | 0.44 | 0.41 | 0.40 | 0.42 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,432,000K ÷ $18,988,000K
= 0.50
The total asset turnover of Westinghouse Air Brake Technologies Corp has shown a fluctuating trend over the past five years. The company's ability to generate sales from its total assets has improved gradually from 0.43 in 2019 to 0.51 in 2023. This indicates that the company is becoming more efficient in utilizing its assets to generate revenue. However, the figure remains relatively low, suggesting there is still room for further improvement in asset utilization efficiency. It is crucial for the company to continue monitoring and enhancing this ratio to optimize its asset turnover and overall financial performance.
Peer comparison
Dec 31, 2023