Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 11, 2022.

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Illinois Tool Works Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

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 millions


The operating revenue exhibited fluctuations over the analyzed period. Initially, there was a steady increase from 12,922 million US dollars in 2005 to a peak of 17,924 million in 2012. However, this was followed by a sharp decline to 14,135 million in 2013 and further decreases in subsequent years with some minor recoveries, reaching 14,455 million by the end of 2021. This pattern indicates variability in the company's revenue generation, with the highest point occurring in 2012 and a general downward trend thereafter.

Total assets showed an overall upward trend throughout the period, increasing from 11,446 million US dollars in 2005 to 16,077 million by 2021. Despite some fluctuations, asset growth was relatively steady, with occasional decreases such as between 2013 and 2014, but the general trajectory remained positive. This growth in assets suggests ongoing investment and expansion in the company's resources over the years.

The total asset turnover ratio, a measure of efficiency in utilizing assets to generate revenue, started at 1.13 in 2005 and gradually declined to lower levels in the range of approximately 0.7 to 0.9 towards the later years. Notable drops occurred after 2012, where the ratio fell below 1.0 and hovered around 0.8 to 0.9 through 2021. This decline indicates that despite the growth in total assets, the company's efficiency in using these assets to produce operating revenue has reduced over time.

Operating Revenue
Experienced initial growth with a peak in 2012, followed by a general decline, suggesting challenges in maintaining revenue levels post-2012.
Total Assets
Displayed steady overall growth, indicating continued asset acquisition and investment despite some intermittent decreases.
Total Asset Turnover
Decreased over the period, reflecting diminishing efficiency in asset utilization to generate revenue.

In summary, the data reveals a company that has expanded its asset base substantially but has encountered difficulties in maintaining revenue growth and in effectively leveraging its assets to sustain high turnover. These trends may warrant a strategic focus on improving operational efficiency and revenue-generating capabilities relative to asset size.


Comparison to Competitors

Illinois Tool Works Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

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 (Capital Goods)

Illinois Tool Works Inc., total asset turnover, long-term trends, comparison to sector (capital goods)

Microsoft Excel

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 (Industrials)

Illinois Tool Works Inc., total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel

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).