XPO Logistics Inc (XPO)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 | 10,681,000 |
| Total assets | US$ in thousands | 7,492,000 | 6,269,000 | 8,717,000 | 16,177,000 | 14,128,000 |
| Total asset turnover | 1.03 | 1.23 | 0.83 | 0.38 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,744,000K ÷ $7,492,000K
= 1.03
The total asset turnover of XPO Inc has shown fluctuating trends over the past five years. In 2023, the total asset turnover was at 1.03, indicating that for every dollar of assets, the company generated $1.03 in revenue. This represents a decline from the previous year where the turnover was 1.23. The decrease in total asset turnover could suggest that the company was less efficient in generating revenue from its assets in 2023 compared to 2022.
Looking back further, in 2021, the total asset turnover was at its peak of 1.47, signaling that the company was more efficient in utilizing its assets to generate revenue during that period. In contrast, in 2020 and 2019, the total asset turnover was 1.01 and 1.18 respectively, indicating fluctuations in the company's asset utilization efficiency during those years.
Overall, the fluctuating trend in total asset turnover suggests that XPO Inc's ability to generate revenue from its assets has varied over the years, potentially indicating changes in the company's operational efficiency or business strategies. Further analysis of the company's financial performance and operational activities could provide insights into the factors driving these variations in total asset turnover.
Peer comparison
Dec 31, 2023