Westinghouse Air Brake Technologies Corp (WAB)
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 | 9,433,000 | 9,244,000 | 8,784,000 | 8,442,000 | 8,182,000 | 7,955,700 | 7,790,000 | 7,757,800 | 7,664,100 | 7,587,500 | 7,552,200 | 7,268,200 | 7,339,800 | 7,743,100 | 7,858,800 | 8,349,740 | 8,022,180 | 6,771,660 | 5,880,540 | 4,781,280 |
| Total assets | US$ in thousands | 18,988,000 | 18,800,000 | 18,985,000 | 18,669,000 | 18,516,000 | 18,262,000 | 18,333,000 | 18,438,000 | 18,454,000 | 18,351,900 | 18,512,400 | 18,543,200 | 18,454,000 | 18,444,400 | 18,465,400 | 18,773,100 | 18,944,200 | 18,900,900 | 18,942,600 | 19,077,900 |
| Total asset turnover | 0.50 | 0.49 | 0.46 | 0.45 | 0.44 | 0.44 | 0.42 | 0.42 | 0.42 | 0.41 | 0.41 | 0.39 | 0.40 | 0.42 | 0.43 | 0.44 | 0.42 | 0.36 | 0.31 | 0.25 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,433,000K ÷ $18,988,000K
= 0.50
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue relative to its total assets. Westinghouse Air Brake Technologies Corp's total asset turnover has shown a consistent improvement over the past eight quarters, reflecting enhanced efficiency in utilizing its assets to generate revenue. The ratio has steadily increased from 0.43 in Q1 2022 to 0.51 in Q4 2023.
A total asset turnover ratio of 0.51 in Q4 2023 implies that the company generated $0.51 in revenue for every dollar invested in total assets during that quarter. This indicates that Westinghouse Air Brake Technologies Corp efficiently utilizes its assets to generate sales, showcasing operational effectiveness and asset management.
The positive trend in total asset turnover suggests that the company has been successful in optimizing its asset utilization and revenue generation capabilities over time. This improvement highlights the management's efforts in enhancing operational efficiency and maximizing returns on investments in assets.
Overall, the increasing trend in total asset turnover indicates that Westinghouse Air Brake Technologies Corp is effectively leveraging its assets to drive revenue growth, which could potentially lead to improved profitability and shareholder value in the future.
Peer comparison
Dec 31, 2023