Werner Enterprises Inc (WERN)

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	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	2,463,701	2,488,279	2,499,750	2,491,347
Total assets	US$ in thousands	3,157,940	3,194,460	3,105,190	3,116,320	3,097,260	2,859,130	2,848,590	2,649,030	2,603,710	2,479,140	2,382,870	2,229,530	2,156,680	2,140,140	2,079,710	2,088,900	2,143,860	2,163,540	2,128,620	2,118,830
Total asset turnover		1.04	1.04	1.07	1.08	1.06	1.12	1.08	1.09	1.05	1.04	1.04	1.07	1.10	1.11	1.15	1.18	1.15	1.15	1.17	1.18

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,283,499K ÷ $3,157,940K
= 1.04

The total asset turnover ratio for Werner Enterprises, Inc. has remained relatively stable over the past eight quarters, fluctuating between 1.04 and 1.12. The ratio indicates that, on average, the company generates between $1.04 and $1.12 in revenue for every dollar of assets it holds.

A total asset turnover ratio of around 1 suggests that the company is utilizing its assets efficiently to generate sales. A higher ratio indicates that the company is generating more revenue per dollar of assets, reflecting efficiency in asset utilization.

Overall, the trend in Werner Enterprises' total asset turnover ratio shows consistency and efficiency in utilizing its assets to generate sales over the quarters under review.