Watts Water Technologies Inc (WTS)
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 | 2,252,200 | 2,259,300 | 2,220,000 | 2,155,500 | 2,056,300 | 2,010,700 | 1,994,200 | 1,988,000 | 1,979,500 | 1,951,500 | 1,918,700 | 1,859,100 | 1,809,200 | 1,738,700 | 1,667,600 | 1,539,300 | 1,508,600 | 1,505,500 | 1,516,300 | 1,594,400 |
| Total assets | US$ in thousands | 2,397,000 | 2,399,100 | 2,383,300 | 2,332,400 | 2,309,400 | 2,017,600 | 2,004,400 | 1,990,000 | 1,930,900 | 1,885,600 | 1,934,300 | 1,903,300 | 1,855,600 | 1,863,200 | 1,855,300 | 1,784,400 | 1,738,200 | 1,709,000 | 1,648,300 | 1,767,400 |
| Total asset turnover | 0.94 | 0.94 | 0.93 | 0.92 | 0.89 | 1.00 | 0.99 | 1.00 | 1.03 | 1.03 | 0.99 | 0.98 | 0.97 | 0.93 | 0.90 | 0.86 | 0.87 | 0.88 | 0.92 | 0.90 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,252,200K ÷ $2,397,000K
= 0.94
The total asset turnover ratio for Watts Water Technologies Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures the efficiency of the company in generating sales revenue from its total assets.
The ratio started at 0.90 on March 31, 2020, and showed a slight increase to 0.92 by June 30, 2020. However, there was a decrease to 0.88 by September 30, 2020, which improved slightly to 0.87 by December 31, 2020.
From March 31, 2021, to June 30, 2022, the total asset turnover ratio fluctuated between 0.86 and 0.99, showing some variability in the company's ability to utilize its assets effectively to generate sales.
Subsequently, there was a more consistent increase from September 30, 2022, to December 31, 2024, with the ratio gradually improving to 0.94 by the end of 2024. This indicates that the company was able to enhance its efficiency in utilizing its assets to generate revenue.
Overall, the total asset turnover ratio for Watts Water Technologies Inc displayed variability over the period analyzed, reflecting changes in the company's ability to efficiently generate sales from its total assets.
Peer comparison
Dec 31, 2024