WESCO International Inc (WCC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,818,800 | 22,385,200 | 21,420,100 | 18,217,500 | 12,326,000 |
| Total assets | US$ in thousands | 15,061,400 | 15,060,900 | 14,811,700 | 12,617,700 | 11,880,200 |
| Total asset turnover | 1.45 | 1.49 | 1.45 | 1.44 | 1.04 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,818,800K ÷ $15,061,400K
= 1.45
Based on the data provided, WESCO International Inc's total asset turnover has shown an increasing trend over the years, improving from 1.04 in December 31, 2020, to 1.45 by December 31, 2024. This indicates that the company has been able to generate more revenue relative to its total assets invested in the business.
The increasing total asset turnover ratio suggests that WESCO International Inc is becoming more efficient in utilizing its assets to generate sales. It implies that the company is effectively managing its assets to drive revenue growth. This improvement in asset utilization may be a result of better inventory management, efficient operations, or effective sales strategies.
Overall, the rising trend in total asset turnover is a positive indicator of WESCO International Inc's operational efficiency and effectiveness in generating revenue from its assets.
Peer comparison
Dec 31, 2024