West Pharmaceutical Services Inc (WST)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,893,100 | 2,876,300 | 2,876,800 | 2,928,600 | 2,949,800 | 2,926,500 | 2,866,000 | 2,883,500 | 2,886,900 | 2,909,000 | 2,928,600 | 2,880,900 | 2,831,600 | 2,681,000 | 2,522,500 | 2,326,100 | 2,146,900 | 2,037,300 | 1,945,400 | 1,887,900 |
| Total assets | US$ in thousands | 3,643,400 | 3,675,100 | 3,489,400 | 3,602,300 | 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 |
| Total asset turnover | 0.79 | 0.78 | 0.82 | 0.81 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,893,100K ÷ $3,643,400K
= 0.79
West Pharmaceutical Services Inc's total asset turnover ratio has fluctuated over the years based on the provided data. The total asset turnover was 0.84 as of March 31, 2020, and gradually decreased to 0.77 by December 31, 2023. However, there was a slight increase to 0.82 by June 30, 2024.
The total asset turnover ratio of a company indicates its efficiency in generating sales revenue from its assets. A higher total asset turnover ratio generally suggests that the company is effectively using its assets to generate sales. On the other hand, a lower ratio may indicate inefficiencies in asset utilization or potential overinvestment in assets.
In the case of West Pharmaceutical Services Inc, the variations in the total asset turnover ratio may indicate changing business conditions, investment strategies, or operational efficiency over time. Further analysis of other financial metrics and industry benchmarks would be necessary to provide a more comprehensive evaluation of the company's asset management efficiency.
Peer comparison
Dec 31, 2024