Xylem Inc (XYL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,562,000 | 7,364,000 | 5,522,000 | 5,195,000 | 4,876,000 |
| Total assets | US$ in thousands | 16,493,000 | 16,112,000 | 7,952,000 | 8,276,000 | 8,750,000 |
| Total asset turnover | 0.52 | 0.46 | 0.69 | 0.63 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,562,000K ÷ $16,493,000K
= 0.52
The total asset turnover ratio for Xylem Inc has shown some fluctuations over the years, starting at 0.56 in December 31, 2020, and increasing to 0.63 by December 31, 2021. The ratio continued to rise to 0.69 by December 31, 2022, indicating that the company is generating more revenue relative to its total assets.
However, there was a notable decrease in the total asset turnover to 0.46 by December 31, 2023, suggesting a decline in the company's efficiency in utilizing its assets to generate sales. This dip could be a cause for concern as it may indicate underperformance or inefficiencies within the business.
By December 31, 2024, the total asset turnover ratio had improved slightly to 0.52. Overall, while there have been some fluctuations in the total asset turnover ratio, it is essential for Xylem Inc to closely monitor and improve its asset utilization efficiency to ensure sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2024