XPO Logistics Inc (XPO)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,744,000 | 7,635,000 | 7,601,000 | 7,731,000 | 7,718,000 | 9,283,000 | 10,607,000 | 11,746,000 | 12,841,000 | 12,465,000 | 11,870,000 | 12,186,000 | 13,061,000 | 14,227,000 | 15,706,000 | 16,442,000 | 16,698,000 | 16,901,000 | 17,082,000 | 17,207,000 |
| Total assets | US$ in thousands | 7,492,000 | 6,428,000 | 6,352,000 | 6,348,000 | 6,269,000 | 8,503,000 | 8,640,000 | 9,320,000 | 8,717,000 | 8,533,000 | 15,564,000 | 15,369,000 | 16,177,000 | 15,745,000 | 15,641,000 | 14,562,000 | 14,128,000 | 13,916,000 | 14,314,000 | 14,196,000 |
| Total asset turnover | 1.03 | 1.19 | 1.20 | 1.22 | 1.23 | 1.09 | 1.23 | 1.26 | 1.47 | 1.46 | 0.76 | 0.79 | 0.81 | 0.90 | 1.00 | 1.13 | 1.18 | 1.21 | 1.19 | 1.21 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,744,000K ÷ $7,492,000K
= 1.03
XPO Inc's total asset turnover ratio measures the company's efficiency in generating sales revenue relative to its total assets. A higher ratio indicates that the company is generating more sales using its assets efficiently.
From the data provided, XPO Inc's total asset turnover has fluctuated over the past eight quarters. The ratio ranged from a low of 0.59 in Q3 2023 to a high of 1.23 in Q4 2022. In Q4 2023, the total asset turnover increased to 1.03, indicating that the company generated $1.03 in sales for every dollar invested in total assets during that quarter.
The downward trend in Q3 2023 suggests that XPO Inc may have experienced challenges in effectively utilizing its total assets to generate sales revenue. However, the ratio improved in Q4 2023, although it was still below the levels seen in the previous year.
Overall, XPO Inc's total asset turnover has shown variability, indicating the need for the company to focus on optimizing its asset utilization to drive higher sales efficiency in the future. Additional analysis and comparison with industry peers may provide further insights into XPO Inc's performance in this key financial metric.
Peer comparison
Dec 31, 2023