Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,029,000 | 7,162,000 | 7,264,000 | 7,275,000 | 7,228,000 | 7,131,000 | 7,170,000 | 7,234,000 | 7,299,000 | 7,375,000 | 7,384,000 | 7,080,000 | 7,189,000 | 7,720,000 | 8,175,000 | |||
| Total assets | US$ in thousands | 10,008,000 | 10,444,000 | 10,569,000 | 11,046,000 | 11,543,000 | 11,420,000 | 12,270,000 | 13,082,000 | 13,223,000 | 14,081,000 | 14,110,000 | 14,272,000 | 14,741,000 | 15,352,000 | 14,125,000 | 14,784,000 | 15,047,000 | 14,660,000 |
| Total asset turnover | 0.70 | 0.69 | 0.69 | 0.66 | 0.63 | 0.62 | 0.58 | 0.55 | 0.55 | 0.52 | 0.52 | 0.50 | 0.49 | 0.50 | 0.58 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,029,000K ÷ $10,008,000K
= 0.70
The total asset turnover ratio for Xerox Holdings Corp has shown a consistent upward trend over the past eight quarters, increasing from 0.53 in Q1 2022 to 0.69 in Q4 2023. This indicates that the company has been more efficient in generating revenue from its total assets over time.
A total asset turnover ratio of 0.69 in Q4 2023 suggests that Xerox generated $0.69 in revenue for every $1 of total assets it possessed during that quarter. This improvement indicates that the company has been effectively utilizing its assets to generate revenue and is becoming more efficient in its operations.
Overall, the increasing trend in the total asset turnover ratio reflects positively on Xerox Holdings Corp's operational efficiency and ability to generate revenue from its asset base. It signifies the company's effectiveness in managing its resources and utilizing them to drive sales and performance.
Peer comparison
Dec 31, 2023