Waters Corporation (WAT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,922,900 | 2,842,300 | 2,892,160 | 2,735,940 | 2,309,300 |
| Total assets | US$ in thousands | 4,553,800 | 4,626,850 | 3,281,450 | 3,094,930 | 2,839,920 |
| Total asset turnover | 0.64 | 0.61 | 0.88 | 0.88 | 0.81 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,922,900K ÷ $4,553,800K
= 0.64
The total asset turnover ratio for Waters Corporation has shown some fluctuations over the years. In 2020, the ratio was 0.81, indicating that the company generated $0.81 in revenue for every $1 of total assets. This ratio increased to 0.88 by December 31, 2021, and remained at the same level for both December 31, 2022, and 2023.
However, there was a notable decline in total asset turnover to 0.61 by December 31, 2023, suggesting that the company was less efficient in generating revenue from its assets during that period. This trend continued with a slight increase to 0.64 by December 31, 2024.
Overall, the total asset turnover ratio of Waters Corporation has shown variability, with periods of improvement and decline. It is essential for the company to assess the reasons behind these fluctuations and work towards maintaining a consistent and optimal level of efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024