Xylem Inc (XYL)
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 | 7,364,000 | 6,752,000 | 6,056,000 | 5,698,000 | 5,522,000 | 5,339,000 | 5,224,000 | 5,211,000 | 5,195,000 | 5,245,000 | 5,200,000 | 5,009,000 | 4,876,000 | 4,874,000 | 4,950,000 | 5,135,000 | 5,249,000 | 5,264,000 | 5,255,000 | 5,227,000 |
| Total assets | US$ in thousands | 16,112,000 | 15,905,000 | 16,097,000 | 7,940,000 | 7,952,000 | 8,106,000 | 8,189,000 | 8,219,000 | 8,276,000 | 8,151,000 | 8,785,000 | 8,545,000 | 8,750,000 | 8,448,000 | 8,444,000 | 7,591,000 | 7,710,000 | 7,515,000 | 7,674,000 | 7,468,000 |
| Total asset turnover | 0.46 | 0.42 | 0.38 | 0.72 | 0.69 | 0.66 | 0.64 | 0.63 | 0.63 | 0.64 | 0.59 | 0.59 | 0.56 | 0.58 | 0.59 | 0.68 | 0.68 | 0.70 | 0.68 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,364,000K ÷ $16,112,000K
= 0.46
The total asset turnover ratio for Xylem Inc has fluctuated over the past eight quarters. In Q1 2023, the total asset turnover was at its highest, standing at 0.72, indicating that the company generated $0.72 in sales for every dollar of assets it had on its balance sheet during that quarter. This suggests efficient utilization of assets to generate revenue.
However, in subsequent quarters, the total asset turnover ratio decreased, reaching its lowest point in Q2 2023 at 0.38. This lower ratio suggests that the company was less effective in utilizing its assets to generate sales during that period.
Overall, the downward trend in the total asset turnover ratio from Q1 2023 to Q2 2023 indicates a potential decrease in efficiency in asset utilization, which may warrant further investigation into factors impacting the company's operational performance during that timeframe.
Peer comparison
Dec 31, 2023