Willscot Mobile Mini Holdings Corp A (WSC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,395,720 | 2,364,770 | 2,142,620 | 1,894,900 | 1,367,640 |
| Total assets | US$ in thousands | 6,034,910 | 6,137,920 | 5,827,650 | 5,773,600 | 5,572,200 |
| Total asset turnover | 0.40 | 0.39 | 0.37 | 0.33 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,395,720K ÷ $6,034,910K
= 0.40
The total asset turnover ratio of Willscot Mobile Mini Holdings Corp A has demonstrated a consistent upward trend over the observed period from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 0.25 in 2020 to 0.33 in 2021, reflecting an improvement in the efficiency with which the company utilizes its assets to generate sales. This upward trajectory continued in subsequent years, reaching 0.37 in 2022, 0.39 in 2023, and 0.40 in 2024. The progressive increase in the total asset turnover ratio indicates that the company has been increasingly effective in generating revenue from its asset base, potentially signaling improvements in operational efficiency, better asset management, or strategic growth in sales relative to asset investments. The steady rise suggests a positive trend in asset utilization over the analyzed period.