Total Asset Turnover
since 2005
Calculation
Trane Technologies plc, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.88 | = | 15,991,700) | ÷ | 18,081,600) |
| Dec 31, 2021 | 0.78 | = | 14,136,400) | ÷ | 18,059,800) |
| Dec 31, 2020 | 0.69 | = | 12,454,700) | ÷ | 18,156,700) |
| Dec 31, 2019 | 0.81 | = | 16,598,900) | ÷ | 20,492,300) |
| Dec 31, 2018 | 0.87 | = | 15,668,200) | ÷ | 17,914,900) |
| Dec 31, 2017 | 0.78 | = | 14,197,600) | ÷ | 18,173,300) |
| Dec 31, 2016 | 0.78 | = | 13,508,900) | ÷ | 17,397,400) |
| Dec 31, 2015 | 0.79 | = | 13,300,700) | ÷ | 16,738,800) |
| Dec 31, 2014 | 0.75 | = | 12,891,400) | ÷ | 17,298,500) |
| Dec 31, 2013 | 0.70 | = | 12,350,500) | ÷ | 17,658,100) |
| Dec 31, 2012 | 0.76 | = | 14,034,900) | ÷ | 18,492,900) |
| Dec 31, 2011 | 0.79 | = | 14,782,000) | ÷ | 18,754,200) |
| Dec 31, 2010 | 0.70 | = | 14,079,100) | ÷ | 19,990,900) |
| Dec 31, 2009 | 0.66 | = | 13,195,300) | ÷ | 19,991,000) |
| Dec 31, 2008 | 0.63 | = | 13,227,400) | ÷ | 20,924,500) |
| Dec 31, 2007 | 0.61 | = | 8,763,100) | ÷ | 14,376,200) |
| Dec 31, 2006 | 0.94 | = | 11,409,300) | ÷ | 12,145,900) |
| Dec 31, 2005 | 0.90 | = | 10,546,900) | ÷ | 11,756,400) |
Based on: 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 thousands
- Net Revenues
- Over the period from 2005 to 2022, net revenues showed considerable fluctuations. Initial growth was observed from 2005 to 2006, followed by a notable decline in 2007. Revenues then recovered substantially, peaking around 2019 with the highest recorded value in the dataset. However, this peak was followed by a sharp decline in 2020, likely indicative of external disruptions affecting sales performance. After 2020, revenues resumed an upward trend reaching a new high by the end of 2022. Overall, the net revenues exhibit a cyclical pattern with periods of both rapid increase and sharp decline.
- Total Assets
- Total assets displayed an upward trend until 2008, reaching a peak in that year. Subsequently, assets experienced a gradual decline until around 2015. From 2016 to 2019, total assets showed a modest recovery and increase, reaching another peak in 2019, higher than previous years except 2008. Following this, total assets decreased again through 2021 and then stabilized at around the same level through 2022. This pattern suggests phases of asset expansion followed by consolidation or divestiture, reflecting strategic or market-driven adjustments to asset holdings.
- Total Asset Turnover
- Total asset turnover experienced variability across the timeline. The ratio started near 0.9 in 2005 and increased slightly in 2006, then dropped significantly by 2007 and maintained lower levels through 2009. A gradual recovery trend is visible from 2010 through 2014, stabilizing around the 0.75 to 0.79 range for several years. Around 2018 and 2019, turnover improved further, peaking at 0.87 in 2018, indicating more efficient use of assets to generate revenue. However, there was a decline in 2020 coinciding with the revenue drop, with a subsequent rebound in the final years up to 2022, ending at the highest ratio of 0.88 recorded in the dataset. This suggests improved operational efficiency in asset utilization over time, with some variability likely linked to external economic conditions.
- Overall Insights
- The analysis reveals a business subject to cyclical market conditions impacting both revenue generation and asset base management. The interplay between total assets and asset turnover indicates efforts to optimize asset use in response to market shifts. The sharp revenue decline and turnover drop around 2020 suggest significant disruptions, with a resilient recovery phase evident in the following years. Asset levels have undergone phases of expansion and contraction, aligning with these revenue and efficiency trends, thus reflecting adaptive financial and operational management throughout the analyzed period.
Comparison to Competitors
Trane Technologies plc, total asset turnover, long-term trends, comparison to competitors
| Trane Technologies plc | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.88 | 0.49 | 0.69 | 0.59 | 0.39 | 0.57 | 1.25 | 0.42 |
| Dec 31, 2021 | 0.78 | 0.45 | 0.58 | 0.58 | 0.36 | 0.53 | 1.32 | 0.40 |
| Dec 31, 2020 | 0.69 | 0.38 | 0.50 | 0.56 | 0.29 | 0.51 | 1.29 | 0.35 |
| Dec 31, 2019 | 0.81 | 0.57 | 0.65 | 0.65 | 0.33 | 0.63 | 1.26 | 0.55 |
| Dec 31, 2018 | 0.87 | 0.86 | 0.66 | 0.70 | 0.37 | 0.72 | 1.20 | 0.50 |
| Dec 31, 2017 | 0.78 | 1.01 | 0.55 | 0.63 | 0.30 | 0.68 | 1.10 | 0.62 |
| Dec 31, 2016 | 0.78 | 1.05 | 0.48 | 0.65 | 0.30 | 0.73 | 0.99 | 0.64 |
| Dec 31, 2015 | 0.79 | 1.02 | 0.56 | 0.67 | 0.21 | 0.78 | 0.94 | 0.64 |
| Dec 31, 2014 | 0.75 | 0.91 | 0.62 | 0.67 | 0.16 | 0.89 | 1.23 | 0.71 |
| Dec 31, 2013 | 0.70 | 0.93 | 0.62 | 0.62 | 0.15 | 0.86 | 1.25 | 0.69 |
| Dec 31, 2012 | 0.76 | 0.92 | 0.71 | 0.46 | 0.15 | 0.90 | 1.22 | 0.65 |
| Dec 31, 2011 | 0.79 | 0.86 | 0.70 | 0.90 | 0.13 | 0.92 | 1.23 | 0.95 |
| Dec 31, 2010 | 0.70 | 0.94 | 0.62 | 0.79 | 0.13 | 0.88 | 1.31 | 0.93 |
| Dec 31, 2009 | 0.66 | 1.10 | 0.49 | 0.73 | 0.13 | 0.86 | 1.29 | 0.94 |
| Dec 31, 2008 | 0.63 | 1.13 | 0.71 | 0.92 | 0.14 | 1.03 | 1.28 | 1.03 |
| Dec 31, 2007 | 0.61 | 1.13 | 0.75 | 0.97 | 0.13 | 1.02 | 1.45 | 0.99 |
| Dec 31, 2006 | 0.94 | 1.19 | 0.76 | 1.08 | 0.14 | 1.01 | 1.40 | 1.00 |
| Dec 31, 2005 | 0.90 | 0.91 | 0.72 | 1.09 | 0.14 | 0.86 | 1.34 | 0.92 |
Based on: 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)
Trane Technologies plc, total asset turnover, long-term trends, comparison to sector (capital goods)
| Trane Technologies plc | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 0.88 | 0.54 |
| Dec 31, 2021 | 0.78 | 0.50 |
| Dec 31, 2020 | 0.69 | 0.43 |
| Dec 31, 2019 | 0.81 | 0.54 |
| Dec 31, 2018 | 0.87 | 0.58 |
| Dec 31, 2017 | 0.78 | 0.54 |
| Dec 31, 2016 | 0.78 | 0.54 |
| Dec 31, 2015 | 0.79 | 0.46 |
| Dec 31, 2014 | 0.75 | 0.41 |
| Dec 31, 2013 | 0.70 | 0.39 |
| Dec 31, 2012 | 0.76 | 0.38 |
| Dec 31, 2011 | 0.79 | 0.36 |
| Dec 31, 2010 | 0.70 | 0.34 |
| Dec 31, 2009 | 0.66 | 0.33 |
| Dec 31, 2008 | 0.63 | 0.35 |
| Dec 31, 2007 | 0.61 | 0.34 |
| Dec 31, 2006 | 0.94 | 0.36 |
| Dec 31, 2005 | 0.90 | 0.33 |
Based on: 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)
Trane Technologies plc, total asset turnover, long-term trends, comparison to industry (industrials)
| Trane Technologies plc | Industrials | |
|---|---|---|
| Dec 31, 2022 | 0.88 | 0.66 |
| Dec 31, 2021 | 0.78 | 0.58 |
| Dec 31, 2020 | 0.69 | 0.50 |
| Dec 31, 2019 | 0.81 | 0.62 |
| Dec 31, 2018 | 0.87 | 0.67 |
| Dec 31, 2017 | 0.78 | 0.62 |
| Dec 31, 2016 | 0.78 | 0.61 |
| Dec 31, 2015 | 0.79 | 0.54 |
| Dec 31, 2014 | 0.75 | 0.49 |
| Dec 31, 2013 | 0.70 | 0.47 |
| Dec 31, 2012 | 0.76 | 0.46 |
| Dec 31, 2011 | 0.79 | 0.45 |
| Dec 31, 2010 | 0.70 | 0.41 |
| Dec 31, 2009 | 0.66 | 0.39 |
| Dec 31, 2008 | 0.63 | 0.43 |
| Dec 31, 2007 | 0.61 | 0.41 |
| Dec 31, 2006 | 0.94 | 0.43 |
| Dec 31, 2005 | 0.90 | 0.40 |
Based on: 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).