Woodward Inc (WWD)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,311,919 | 3,214,747 | 3,156,401 | 3,033,346 | 2,865,507 | 2,731,573 | 2,548,442 | 2,427,467 | 2,353,549 | 2,281,598 | 2,224,172 | 2,218,179 | 2,214,167 | 2,184,932 | 2,152,575 | 2,292,043 | 2,474,487 | 2,679,760 | 2,904,004 | 2,938,143 |
| Total assets | US$ in thousands | 4,368,920 | 4,320,310 | 4,366,260 | 4,130,800 | 4,010,200 | 4,009,560 | 4,011,530 | 3,894,810 | 3,806,450 | 3,755,790 | 3,890,540 | 4,035,240 | 4,091,000 | 4,088,660 | 4,020,770 | 3,959,500 | 3,903,340 | 3,906,670 | 4,060,280 | 4,007,170 |
| Total asset turnover | 0.76 | 0.74 | 0.72 | 0.73 | 0.71 | 0.68 | 0.64 | 0.62 | 0.62 | 0.61 | 0.57 | 0.55 | 0.54 | 0.53 | 0.54 | 0.58 | 0.63 | 0.69 | 0.72 | 0.73 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,311,919K ÷ $4,368,920K
= 0.76
Woodward Inc's total asset turnover has shown a general trend of improvement over the past few quarters. The ratio has been increasing steadily from 0.54 in Dec 31, 2020, to 0.76 in Sep 30, 2024. This indicates that the company has been able to generate more revenue from its assets efficiently.
A total asset turnover ratio of 0.76 implies that for every dollar of assets Woodward Inc has, it generates $0.76 in revenue. This signifies a strong efficiency in utilizing its assets to generate sales. The increasing trend suggests that the company has been able to improve its operational efficiency and increase its sales relative to its total assets.
Overall, Woodward Inc's total asset turnover ratio indicates that the company is effectively using its assets to generate sales, and the increasing trend is a positive sign of operational efficiency and performance.