Whirlpool Corporation (WHR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Total assets | US$ in thousands | 17,312,000 | 17,124,000 | 20,285,000 | 20,436,000 | 18,973,000 |
| Total asset turnover | 1.10 | 1.03 | 1.08 | 0.94 | 1.09 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $18,998,000K ÷ $17,312,000K
= 1.10
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its total assets. It indicates how well a company utilizes its assets to generate sales. A higher total asset turnover ratio generally indicates that the company is effectively using its assets to generate revenue.
In the case of Whirlpool Corp., the total asset turnover ratio has fluctuated over the past five years. In 2023, the total asset turnover ratio was 1.12, which means that for every dollar of assets Whirlpool had, it generated $1.12 in revenue. This shows an improvement compared to the previous year, where the ratio was 1.15.
In 2021 and 2019, the company also had relatively high total asset turnover ratios of 1.08 and 1.08 respectively. This suggests that Whirlpool was efficiently converting its total assets into sales during those years.
However, in 2020, the total asset turnover ratio was lower at 0.96, indicating that Whirlpool may have been less efficient in generating sales from its assets that year.
Overall, while there have been fluctuations in Whirlpool Corp.'s total asset turnover ratio, the company has generally shown efficiency in utilizing its assets to generate revenue, with the ratio staying above 1 in most years.
Peer comparison
Dec 31, 2023