Whirlpool Corporation (WHR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,343,000 | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 |
| Total assets | US$ in thousands | 16,301,000 | 17,312,000 | 17,124,000 | 20,285,000 | 20,436,000 |
| Total asset turnover | 1.00 | 1.10 | 1.03 | 1.08 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,343,000K ÷ $16,301,000K
= 1.00
The total asset turnover ratio of Whirlpool Corporation has shown fluctuations over the past five years. It increased from 0.94 in December 2020 to 1.08 in December 2021, indicating that the company generated more revenue relative to its total assets. However, in December 2022, the total asset turnover ratio decreased slightly to 1.03 before increasing again to 1.10 in December 2023. This peak suggests that the company efficiently utilized its assets to generate revenue. Subsequently, in December 2024, the ratio dropped back to 1.00, indicating a potential decrease in asset efficiency. It is essential for Whirlpool Corporation to maintain a consistent and healthy total asset turnover ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2024