Werner Enterprises Inc (WERN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,030,260 | 3,283,500 | 3,289,980 | 2,734,370 | 2,372,180 |
| Total assets | US$ in thousands | 3,052,240 | 3,157,940 | 3,097,260 | 2,589,920 | 2,156,680 |
| Total asset turnover | 0.99 | 1.04 | 1.06 | 1.06 | 1.10 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,030,260K ÷ $3,052,240K
= 0.99
The total asset turnover for Werner Enterprises Inc has shown a gradual decline from 1.10 in December 31, 2020, to 0.99 in December 31, 2024. This ratio indicates that the company generated $1.10 in revenue for every $1 of assets in 2020, which decreased to $0.99 in revenue for every $1 of assets in 2024. A declining total asset turnover can suggest inefficiency in asset utilization or a decrease in sales relative to the size of assets deployed. It may be essential for Werner Enterprises Inc to assess its asset management efficiency and operational performance to improve this ratio over time.
Peer comparison
Dec 31, 2024