WESCO International Inc (WCC)
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 | 22,385,200 | 22,470,320 | 22,271,820 | 22,009,820 | 21,420,120 | 20,722,450 | 20,004,870 | 19,117,160 | 18,226,440 | 17,494,430 | 16,907,910 | 14,398,830 | 12,326,000 | 10,296,610 | 8,302,920 | 8,366,300 | 8,358,920 | 8,270,920 | 8,190,050 | 8,143,950 |
| Total assets | US$ in thousands | 15,060,900 | 15,168,600 | 15,162,700 | 14,971,200 | 14,811,700 | 14,080,600 | 13,863,300 | 13,185,000 | 12,617,700 | 12,481,000 | 12,299,100 | 11,878,300 | 11,880,200 | 11,868,300 | 11,732,000 | 5,230,960 | 5,017,640 | 5,047,410 | 5,067,940 | 4,984,640 |
| Total asset turnover | 1.49 | 1.48 | 1.47 | 1.47 | 1.45 | 1.47 | 1.44 | 1.45 | 1.44 | 1.40 | 1.37 | 1.21 | 1.04 | 0.87 | 0.71 | 1.60 | 1.67 | 1.64 | 1.62 | 1.63 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,385,200K ÷ $15,060,900K
= 1.49
The total asset turnover ratio measures the efficiency with which a company generates sales revenue relative to its total assets. In the case of Wesco International, Inc., the total asset turnover has been relatively stable over the past eight quarters, ranging between 1.44 and 1.49.
A total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate revenue. Wesco International's ratio consistently above 1 suggests that the company is efficient in converting its investment in assets into sales.
The slight fluctuations in the ratio over the quarters may be attributed to changes in sales volume, asset composition, or other operational factors. Overall, a stable total asset turnover ratio can be seen as a positive indicator of Wesco International's operational efficiency and effective use of its assets to drive revenue.
Peer comparison
Dec 31, 2023