Total Asset Turnover
since 2005
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FedEx Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Calculation
FedEx Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| May 31, 2025 | = | ÷ | |||
| May 31, 2024 | = | ÷ | |||
| May 31, 2023 | = | ÷ | |||
| May 31, 2022 | = | ÷ | |||
| May 31, 2021 | = | ÷ | |||
| May 31, 2020 | = | ÷ | |||
| May 31, 2019 | = | ÷ | |||
| May 31, 2018 | = | ÷ | |||
| May 31, 2017 | = | ÷ | |||
| May 31, 2016 | = | ÷ | |||
| May 31, 2015 | = | ÷ | |||
| May 31, 2014 | = | ÷ | |||
| May 31, 2013 | = | ÷ | |||
| May 31, 2012 | = | ÷ | |||
| May 31, 2011 | = | ÷ | |||
| May 31, 2010 | = | ÷ | |||
| May 31, 2009 | = | ÷ | |||
| May 31, 2008 | = | ÷ | |||
| May 31, 2007 | = | ÷ | |||
| May 31, 2006 | = | ÷ | |||
| May 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
- Revenue
- Revenue demonstrated a generally upward trend over the analyzed period, increasing from $29,363 million in 2005 to a peak of $93,512 million in 2022. There were fluctuations, including a decline in 2009 and again after 2022. Between 2005 and 2014, revenue rose steadily from $29,363 million to $45,567 million. The period from 2015 to 2022 saw significant growth, particularly notable increases from $60,319 million in 2015 to $83,959 million in 2020, culminating in the peak in 2022. However, revenue decelerated and slightly decreased in 2023 and 2024, settling around $87,693 million and $87,926 million, respectively.
- Total Assets
- Total assets increased consistently throughout the period, growing from $20,404 million in 2005 to $87,627 million in 2025. This reflects a more than fourfold expansion within two decades. Noticeable increments occurred particularly after 2014, with assets rising sharply from $37,069 million in 2014 to $73,537 million by 2020, and further growth to around $87,000 million by 2025. The trend suggests ongoing investment in asset expansion or acquisition during the timeframe.
- Total Asset Turnover
- Total asset turnover maintained a level generally close to or above 1.0 until 2015, indicating relatively efficient use of assets to generate revenue. It began around 1.44 in 2005, fluctuated slightly but mostly declined over time, reaching as low as 0.94 in 2020. Following 2020, turnover experienced a modest recovery to near 1.0 in subsequent years but never returned to earlier higher levels. This decreasing trend suggests diminishing efficiency in utilizing assets to produce revenue, especially prominent during the rapid asset growth phase post-2014.
Comparison to Competitors
FedEx Corp., total asset turnover, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| May 31, 2025 | |||||
| May 31, 2024 | |||||
| May 31, 2023 | |||||
| May 31, 2022 | |||||
| May 31, 2021 | |||||
| May 31, 2020 | |||||
| May 31, 2019 | |||||
| May 31, 2018 | |||||
| May 31, 2017 | |||||
| May 31, 2016 | |||||
| May 31, 2015 | |||||
| May 31, 2014 | |||||
| May 31, 2013 | |||||
| May 31, 2012 | |||||
| May 31, 2011 | |||||
| May 31, 2010 | |||||
| May 31, 2009 | |||||
| May 31, 2008 | |||||
| May 31, 2007 | |||||
| May 31, 2006 | |||||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Transportation)
FedEx Corp., total asset turnover, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Industrials)
FedEx Corp., total asset turnover, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).