Watts Water Technologies Inc (WTS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,252,200 | 2,056,300 | 1,979,500 | 1,809,200 | 1,508,600 |
| Total assets | US$ in thousands | 2,397,000 | 2,309,400 | 1,930,900 | 1,855,600 | 1,738,200 |
| Total asset turnover | 0.94 | 0.89 | 1.03 | 0.97 | 0.87 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,252,200K ÷ $2,397,000K
= 0.94
The total asset turnover for Watts Water Technologies Inc has shown some fluctuations over the past five years. In December 2020, the total asset turnover was 0.87, indicating that the company generated $0.87 in sales for every dollar of assets. This ratio increased to 0.97 by December 2021 and further improved to 1.03 by December 2022, suggesting that the company became more efficient in utilizing its assets to generate revenue.
However, there was a slight drop in the total asset turnover to 0.89 by December 2023 before rebounding to 0.94 by December 2024. Overall, the trend indicates that Watts Water Technologies Inc has been able to effectively leverage its assets to drive sales, with a notable improvement in efficiency between 2020 and 2022. The company may want to evaluate factors contributing to the fluctuations in total asset turnover to sustain or further enhance operational efficiency.
Peer comparison
Dec 31, 2024