Xerox Corp (XRX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 | 9,450,000 |
| Total assets | US$ in thousands | 10,008,000 | 11,543,000 | 13,223,000 | 14,741,000 | 15,047,000 |
| Total asset turnover | 0.70 | 0.63 | 0.55 | 0.49 | 0.63 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,035,000K ÷ $10,008,000K
= 0.70
Xerox Holdings Corp's total asset turnover has shown a fluctuating trend over the past five years. The ratio has varied from 0.48 in 2020 to 0.69 in 2023. The company's ability to generate sales from its total assets has improved since 2020, reaching its peak in 2023. This indicates that Xerox has been managing its assets more efficiently to generate revenue. However, it is important to note that the ratio was somewhat lower in 2021 compared to the surrounding years, which may suggest a temporary decrease in asset utilization efficiency. Overall, the upward trend in total asset turnover from 2020 to 2023 implies that Xerox has been successful in optimizing its asset management to drive sales.
Peer comparison
Dec 31, 2023