Stock Analysis on Net
Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Eaton Corp. plc, total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net sales1 ÷ Total assets1
Dec 31, 2024 = ÷
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The analysis of the financial data reveals distinct trends in net sales, total assets, and total asset turnover over the examined period.

Net Sales
Net sales demonstrate an overall upward trend from 2005 through 2024, increasing from approximately 11.1 billion US dollars to nearly 24.9 billion US dollars. There are fluctuations within this growth trajectory, including a notable decline in 2009, likely connected to broader economic conditions, followed by steady recovery and sustained growth in subsequent years. Sales peaked in 2013 and 2014 with values exceeding 22 billion US dollars, then showed some volatility with declines in 2015 and 2016, before resuming growth from 2017 onward. The continuation of sales growth from 2020 through 2024 indicates a positive momentum in revenue generation.
Total Assets
Total assets have generally increased from about 10.2 billion US dollars in 2005 to nearly 38.4 billion US dollars by 2024. There are notable increments particularly around 2012 when total assets jumped substantially to over 35 billion US dollars, more than doubling compared to prior years. Afterward, assets exhibit some fluctuations but remain significantly higher than earlier periods, maintaining levels above 30 billion US dollars. The overall increase in total assets implies expanded investment in resources or acquisitions, potentially supporting the growth in sales.
Total Asset Turnover
The total asset turnover ratio shows a declining trend from 2005 (1.09) through a low point around 2012 (0.46), indicating decreasing efficiency in generating sales from assets during that period. Post-2012, the ratio stabilizes somewhat and shows mild improvement, hovering between 0.56 and 0.65 in recent years. Despite asset growth, the company has been less effective in generating sales proportionate to its asset base compared to the earlier years, although slight improvements in asset utilization are evident near the end of the timeline.

In summary, while net sales and total assets have increased substantially over the analyzed period, this has been accompanied by a decrease in asset turnover efficiency. The company appears to have grown its asset base significantly, particularly around 2012, but has faced challenges in maintaining proportional sales productivity relative to this expansion. Recent years show some recovery in asset utilization ratios, suggesting efforts to improve operational efficiency alongside continued sales growth.

Comparison to Competitors

Eaton Corp. plc, total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Eaton Corp. plc Boeing Co. Caterpillar Inc. GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Eaton Corp. plc, total asset turnover, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Eaton Corp. plc Capital Goods
Dec 31, 2024
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Dec 31, 2012
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Eaton Corp. plc, total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel
Eaton Corp. plc Industrials
Dec 31, 2024
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Dec 31, 2005

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).