XPO Logistics Inc (XPO)
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 | 8,112,000 | 8,090,000 | 8,017,000 | 7,855,000 | 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 |
| Total assets | US$ in thousands | 7,712,000 | 7,923,000 | 7,729,000 | 7,603,000 | 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 |
| Total asset turnover | 1.05 | 1.02 | 1.04 | 1.03 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,112,000K ÷ $7,712,000K
= 1.05
Total asset turnover measures the efficiency of XPO Logistics Inc in generating sales revenue in relation to its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
Based on the data provided, XPO Logistics Inc had a total asset turnover ratio of around 1.00 to 1.47 from March 31, 2020, to December 31, 2024. The ratio fluctuated over this period, with values decreasing in some quarters and increasing in others.
A notable decline in the total asset turnover ratio occurred from December 31, 2020, to March 31, 2021, falling from 0.81 to 0.79. This could indicate a decrease in sales generated per dollar of assets during that period.
However, there was a significant improvement in total asset turnover from September 30, 2021, to December 31, 2021, as the ratio increased from 1.46 to 1.47. This suggests that XPO Logistics Inc became more efficient in utilizing its assets to generate sales revenue in those quarters.
Overall, the trend in the total asset turnover ratio of XPO Logistics Inc shows some variability, but the company generally maintained a level of efficiency in generating sales relative to its total assets over the years covered in the data.
Peer comparison
Dec 31, 2024