Williams Companies Inc (WMB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,503,000 | 10,907,000 | 10,965,000 | 10,627,000 | 7,719,000 |
| Total assets | US$ in thousands | 54,532,000 | 52,627,000 | 48,433,000 | 47,612,000 | 44,165,000 |
| Total asset turnover | 0.19 | 0.21 | 0.23 | 0.22 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,503,000K ÷ $54,532,000K
= 0.19
Williams Companies Inc's total asset turnover has shown fluctuations over the past five years. In December 31, 2020, the total asset turnover was relatively low at 0.17, indicating that the company generated $0.17 in sales for every $1 of assets it had.
However, this metric improved in the following years, reaching 0.22 by December 31, 2021, and further increasing to 0.23 by December 31, 2022. This suggests that the company was becoming more effective in utilizing its assets to generate sales revenue.
In December 31, 2023, the total asset turnover slightly decreased to 0.21, indicating a potential decline in asset efficiency. By December 31, 2024, the turnover ratio decreased further to 0.19, signaling that the company's ability to generate sales from its assets had diminished.
Overall, while there were fluctuations in Williams Companies Inc's total asset turnover over the years, the general trend showed an initial improvement followed by a decline in asset efficiency. This ratio is an important indicator of how well the company is utilizing its assets to generate revenue and should be monitored closely for any significant changes in the company's operational efficiency.
Peer comparison
Dec 31, 2024