Williams Companies Inc (WMB)
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 | 10,907,000 | 11,053,000 | 11,515,000 | 11,522,000 | 10,965,000 | 11,292,000 | 10,746,000 | 10,539,000 | 10,627,000 | 9,462,000 | 8,920,000 | 8,418,000 | 7,719,000 | 7,734,000 | 7,800,000 | 8,060,000 | 8,201,000 | 8,298,000 | 8,602,000 | 8,652,000 |
| Total assets | US$ in thousands | 52,627,000 | 50,788,000 | 49,025,000 | 48,936,000 | 48,433,000 | 48,672,000 | 47,555,000 | 46,049,000 | 47,612,000 | 45,985,000 | 45,507,000 | 45,262,000 | 44,165,000 | 44,320,000 | 45,343,000 | 44,629,000 | 46,040,000 | 46,281,000 | 46,509,000 | 45,970,000 |
| Total asset turnover | 0.21 | 0.22 | 0.23 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.22 | 0.21 | 0.20 | 0.19 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,907,000K ÷ $52,627,000K
= 0.21
Williams Cos Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.21 to 0.24. This ratio indicates that, on average, the company generates between $0.21 and $0.24 in revenue for each dollar of total assets it holds.
The consistent total asset turnover suggests that Williams Cos Inc is utilizing its assets efficiently to generate sales revenue. However, the lower end of the range (0.21) in Q4 2023 indicates that the company may have experienced a slight decrease in asset efficiency compared to the previous quarter.
Overall, a total asset turnover ratio above 1 would be considered ideal as it would indicate that the company is generating more revenue than the value of its assets. Williams Cos Inc may benefit from further analysis to identify potential areas for improvement in asset utilization efficiency.
Peer comparison
Dec 31, 2023