Total Asset Turnover
since 2005
Calculation
Ecolab Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.60 | = | 12,733,100) | ÷ | 21,206,400) |
| Dec 31, 2020 | 0.65 | = | 11,790,200) | ÷ | 18,126,000) |
| Dec 31, 2019 | 0.71 | = | 14,906,300) | ÷ | 20,869,100) |
| Dec 31, 2018 | 0.73 | = | 14,668,200) | ÷ | 20,074,500) |
| Dec 31, 2017 | 0.69 | = | 13,838,300) | ÷ | 19,962,400) |
| Dec 31, 2016 | 0.72 | = | 13,152,800) | ÷ | 18,330,200) |
| Dec 31, 2015 | 0.73 | = | 13,545,100) | ÷ | 18,641,700) |
| Dec 31, 2014 | 0.73 | = | 14,280,500) | ÷ | 19,466,700) |
| Dec 31, 2013 | 0.67 | = | 13,253,400) | ÷ | 19,636,500) |
| Dec 31, 2012 | 0.67 | = | 11,838,700) | ÷ | 17,572,300) |
| Dec 31, 2011 | 0.37 | = | 6,798,500) | ÷ | 18,240,800) |
| Dec 31, 2010 | 1.25 | = | 6,089,700) | ÷ | 4,872,200) |
| Dec 31, 2009 | 1.18 | = | 5,900,600) | ÷ | 5,020,900) |
| Dec 31, 2008 | 1.29 | = | 6,137,500) | ÷ | 4,756,900) |
| Dec 31, 2007 | 1.16 | = | 5,469,600) | ÷ | 4,722,800) |
| Dec 31, 2006 | 1.11 | = | 4,895,814) | ÷ | 4,419,365) |
| Dec 31, 2005 | 1.19 | = | 4,534,832) | ÷ | 3,796,628) |
Based on: 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 thousands
The financial data reveals several notable trends over the period analyzed. Net sales generally exhibit a growth trajectory, rising from approximately 4.53 billion US dollars in 2005 to a peak of about 14.67 billion US dollars in 2018. Thereafter, net sales demonstrated some fluctuations, decreasing notably in 2020 to around 11.79 billion US dollars, followed by a moderate recovery to approximately 12.73 billion US dollars in 2021.
Total assets show an overall increase with some volatility. From roughly 3.80 billion US dollars in 2005, total assets grew significantly to a peak exceeding 20.8 billion US dollars by 2019. However, a decline was observed in 2020 to around 18.13 billion US dollars, with a subsequent rebound to approximately 21.21 billion US dollars in 2021. This pattern indicates periodic changes in asset base size, possibly reflecting investment decisions, acquisitions, or asset write-downs.
The total asset turnover ratio illustrates the efficiency of asset use in generating sales. The ratio displays a decline over the period, dropping from 1.19 in 2005 to a low of 0.37 in 2011. It partially recovered in the following years, stabilizing between 0.60 and 0.73 from 2012 through 2021, though never approaching the higher values seen in the early years. This trend suggests reduced efficiency in using assets to generate sales, especially pronounced during the 2011 period, followed by a period of moderate improvement and relative stability.
- Net Sales
- Exhibited steady growth from 2005 to 2018, more than tripling over this timeframe. A noticeable dip occurred in 2020, likely attributable to external factors impacting revenue, with partial recovery by 2021.
- Total Assets
- Showed marked expansion from 2005 to 2019, reflecting asset accumulation or significant investments. The reduction in 2020 suggests possible asset disposals or impairments, with a recovery phase following in 2021.
- Total Asset Turnover
- The declining trend until 2011 indicates diminishing asset efficiency, potentially due to rapid asset growth outpacing sales. Stabilization afterward signals improved asset utilization, though not reaching prior peak efficiency levels.
Comparison to Competitors
Ecolab Inc., total asset turnover, long-term trends, comparison to competitors
| Ecolab Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2021 | 0.60 | 0.38 | 0.97 |
| Dec 31, 2020 | 0.65 | 0.31 | 0.90 |
| Dec 31, 2019 | 0.71 | 0.33 | 0.87 |
| Dec 31, 2018 | 0.73 | 0.16 | 0.92 |
| Dec 31, 2017 | 0.69 | 0.56 | 0.75 |
| Dec 31, 2016 | 0.72 | 0.54 | 1.76 |
| Dec 31, 2015 | 0.73 | 0.59 | 1.96 |
| Dec 31, 2014 | 0.73 | 0.62 | 1.95 |
| Dec 31, 2013 | 0.67 | 0.59 | 1.60 |
| Dec 31, 2012 | 0.67 | 0.62 | 1.53 |
| Dec 31, 2011 | 0.37 | 0.69 | 1.68 |
| Dec 31, 2010 | 1.25 | 0.66 | 1.50 |
| Dec 31, 2009 | 1.18 | 0.63 | 1.64 |
| Dec 31, 2008 | 1.29 | 0.83 | 1.81 |
| Dec 31, 2007 | 1.16 | 0.70 | 1.65 |
| Dec 31, 2006 | 1.11 | 0.75 | 1.56 |
| Dec 31, 2005 | 1.19 | 0.73 | 1.65 |
Based on: 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 (Chemicals)
Ecolab Inc., total asset turnover, long-term trends, comparison to sector (chemicals)
| Ecolab Inc. | Chemicals | |
|---|---|---|
| Dec 31, 2021 | 0.60 | 0.50 |
| Dec 31, 2020 | 0.65 | 0.42 |
| Dec 31, 2019 | 0.71 | 0.43 |
| Dec 31, 2018 | 0.73 | 0.29 |
| Dec 31, 2017 | 0.69 | 0.65 |
| Dec 31, 2016 | 0.72 | 0.86 |
| Dec 31, 2015 | 0.73 | 0.92 |
| Dec 31, 2014 | 0.73 | 0.92 |
| Dec 31, 2013 | 0.67 | 0.83 |
| Dec 31, 2012 | 0.67 | 0.85 |
| Dec 31, 2011 | 0.37 | 0.93 |
| Dec 31, 2010 | 1.25 | 0.88 |
| Dec 31, 2009 | 1.18 | 0.86 |
| Dec 31, 2008 | 1.29 | 1.07 |
| Dec 31, 2007 | 1.16 | 0.95 |
| Dec 31, 2006 | 1.11 | 1.00 |
| Dec 31, 2005 | 1.19 | 1.00 |
Based on: 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 (Materials)
Ecolab Inc., total asset turnover, long-term trends, comparison to industry (materials)
| Ecolab Inc. | Materials | |
|---|---|---|
| Dec 31, 2021 | 0.60 | 0.49 |
| Dec 31, 2020 | 0.65 | 0.40 |
| Dec 31, 2019 | 0.71 | 0.41 |
| Dec 31, 2018 | 0.73 | 0.33 |
| Dec 31, 2017 | 0.69 | 0.55 |
| Dec 31, 2016 | 0.72 | 0.59 |
| Dec 31, 2015 | 0.73 | 0.54 |
| Dec 31, 2014 | 0.73 | 0.53 |
| Dec 31, 2013 | 0.67 | 0.48 |
| Dec 31, 2012 | 0.67 | 0.65 |
| Dec 31, 2011 | 0.37 | 0.76 |
| Dec 31, 2010 | 1.25 | 0.74 |
| Dec 31, 2009 | 1.18 | 0.70 |
| Dec 31, 2008 | 1.29 | 0.90 |
| Dec 31, 2007 | 1.16 | 0.58 |
| Dec 31, 2006 | 1.11 | 1.02 |
| Dec 31, 2005 | 1.19 | 0.93 |
Based on: 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).