West Pharmaceutical Services Inc (WST)
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 | 2,931,600 | 2,918,300 | 2,862,000 | 2,884,600 | 2,888,000 | 2,911,600 | 2,929,000 | 2,882,500 | 2,833,200 | 2,681,100 | 2,521,700 | 2,320,600 | 2,141,400 | 2,030,200 | 1,941,400 | 1,887,900 | 1,839,900 | 1,791,800 | 1,767,400 | 1,745,200 |
| Total assets | US$ in thousands | 3,829,500 | 3,754,700 | 3,669,600 | 3,723,600 | 3,616,800 | 3,316,800 | 3,361,700 | 3,294,700 | 3,313,800 | 3,142,600 | 2,933,500 | 2,739,700 | 2,793,800 | 2,582,800 | 2,392,300 | 2,246,500 | 2,341,400 | 2,174,000 | 2,123,200 | 2,036,200 |
| Total asset turnover | 0.77 | 0.78 | 0.78 | 0.77 | 0.80 | 0.88 | 0.87 | 0.87 | 0.85 | 0.85 | 0.86 | 0.85 | 0.77 | 0.79 | 0.81 | 0.84 | 0.79 | 0.82 | 0.83 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,931,600K ÷ $3,829,500K
= 0.77
The total asset turnover of West Pharmaceutical Services, Inc. has been relatively stable over the past eight quarters, ranging from 0.77 to 0.88. This ratio measures the efficiency with which the company generates revenue from its total assets. A total asset turnover of less than 1 indicates that the company is not generating as much revenue per dollar of assets, suggesting a lower efficiency in asset utilization.
West Pharmaceutical Services, Inc. has maintained a total asset turnover slightly below 1, indicating that the company may have room for improvement in utilizing its assets to generate revenue. It is important for the company to analyze and potentially optimize its asset management strategies to improve this ratio and enhance its overall operational efficiency.
Peer comparison
Dec 31, 2023