Werner Enterprises Inc (WERN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,030,258 | 3,097,524 | 3,169,567 | 3,219,865 | 3,283,499 | 3,323,045 | 3,332,907 | 3,358,087 | 3,289,978 | 3,193,708 | 3,068,993 | 2,882,531 | 2,734,372 | 2,589,453 | 2,476,776 | 2,395,921 | 2,372,178 | 2,373,663 | 2,401,713 | 2,460,287 |
| Total assets | US$ in thousands | 3,052,240 | 3,121,720 | 3,093,570 | 3,078,830 | 3,157,940 | 3,194,460 | 3,105,190 | 3,116,320 | 3,097,260 | 2,859,130 | 2,848,590 | 2,649,030 | 2,589,920 | 2,479,140 | 2,382,870 | 2,229,530 | 2,156,680 | 2,140,140 | 2,079,710 | 2,088,900 |
| Total asset turnover | 0.99 | 0.99 | 1.02 | 1.05 | 1.04 | 1.04 | 1.07 | 1.08 | 1.06 | 1.12 | 1.08 | 1.09 | 1.06 | 1.04 | 1.04 | 1.07 | 1.10 | 1.11 | 1.15 | 1.18 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,030,258K ÷ $3,052,240K
= 0.99
The total asset turnover ratio of Werner Enterprises Inc has shown a gradual decline over the years, starting at 1.18 as of March 31, 2020, and decreasing to 0.99 as of December 31, 2024. This ratio measures the company's efficiency in generating revenue relative to its total assets. A higher ratio indicates that the company is more effective in generating sales using its assets.
The declining trend in total asset turnover suggests that Werner Enterprises Inc may be becoming less efficient in utilizing its assets to generate revenue. This could be due to various factors such as operational inefficiencies, increasing asset base without a proportional increase in revenue, or changes in the company's business model.
It is important for the company to closely monitor and analyze the reasons behind this decline in total asset turnover to identify areas for improvement. By enhancing asset utilization and operational efficiency, Werner Enterprises Inc can potentially improve its overall financial performance and profitability in the future.
Peer comparison
Dec 31, 2024