Total Asset Turnover
since 2005
Calculation
United Parcel Service Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.30 | = | 91,070) | ÷ | 70,070) |
| Dec 31, 2023 | 1.28 | = | 90,958) | ÷ | 70,857) |
| Dec 31, 2022 | 1.41 | = | 100,338) | ÷ | 71,124) |
| Dec 31, 2021 | 1.40 | = | 97,287) | ÷ | 69,405) |
| Dec 31, 2020 | 1.36 | = | 84,628) | ÷ | 62,408) |
| Dec 31, 2019 | 1.28 | = | 74,094) | ÷ | 57,857) |
| Dec 31, 2018 | 1.44 | = | 71,861) | ÷ | 50,016) |
| Dec 31, 2017 | 1.45 | = | 65,872) | ÷ | 45,403) |
| Dec 31, 2016 | 1.51 | = | 60,906) | ÷ | 40,377) |
| Dec 31, 2015 | 1.52 | = | 58,363) | ÷ | 38,311) |
| Dec 31, 2014 | 1.64 | = | 58,232) | ÷ | 35,471) |
| Dec 31, 2013 | 1.53 | = | 55,438) | ÷ | 36,212) |
| Dec 31, 2012 | 1.39 | = | 54,127) | ÷ | 38,863) |
| Dec 31, 2011 | 1.53 | = | 53,105) | ÷ | 34,701) |
| Dec 31, 2010 | 1.47 | = | 49,545) | ÷ | 33,597) |
| Dec 31, 2009 | 1.42 | = | 45,297) | ÷ | 31,883) |
| Dec 31, 2008 | 1.62 | = | 51,486) | ÷ | 31,879) |
| Dec 31, 2007 | 1.27 | = | 49,692) | ÷ | 39,042) |
| Dec 31, 2006 | 1.43 | = | 47,547) | ÷ | 33,210) |
| Dec 31, 2005 | 1.21 | = | 42,581) | ÷ | 35,222) |
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 financial data reveals the annual performance patterns over the examined period. Revenue exhibited a general upward trend with some fluctuations. Beginning at approximately 42.6 billion US dollars in 2005, revenue increased steadily to peak around 100.3 billion in 2022, followed by a slight decline in the subsequent years. Notably, there was a dip in revenue around 2009 coinciding with the global financial crisis, but recovery was evident soon after, with growth sustained over the following decade.
Total assets displayed moderate growth overall, starting at roughly 35.2 billion US dollars in 2005 and accelerating more significantly after 2012. Total assets reached around 70.1 billion by 2024. There were some periods of stagnation or slight decline, notably around 2008 and in recent years from 2022 onward, where total asset values slightly decreased or plateaued.
The total asset turnover ratio, an efficiency indicator, showed variability but remained within a relatively narrow range between 1.2 and 1.6. The highest turnover was observed around 2008 and 2014, indicating more efficient use of assets during those years. However, in the most recent years, this ratio declined somewhat to approximately 1.28-1.30, implying slightly less efficiency in generating revenue from assets than in the mid-cycle years.
- Revenue
- Increased overall, with a significant dip during 2009 and a peak in 2022 followed by a minor reduction.
- Total Assets
- Generally increased over time, with modest declines during economic downturns and a stabilizing trend post-2022.
- Total Asset Turnover
- Fluctuated moderately, peaking at times of higher asset utilization efficiency, then declining to lower values in the latest reported years.
Overall, the data indicates growth in scale and asset base accompanied by fluctuating efficiency in asset use. The recent slight declines in both revenue and asset turnover may merit closer attention to operational performance and asset management going forward.
Comparison to Competitors
United Parcel Service Inc., total asset turnover, long-term trends, comparison to competitors
| United Parcel Service Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.30 | 1.01 | 0.86 | 0.36 | 0.77 |
| Dec 31, 2023 | 1.28 | 1.03 | 0.96 | 0.36 | 0.76 |
| Dec 31, 2022 | 1.41 | 1.09 | 0.99 | 0.38 | 0.67 |
| Dec 31, 2021 | 1.40 | 1.01 | 0.45 | 0.34 | 0.36 |
| Dec 31, 2020 | 1.36 | 0.94 | 0.33 | 0.31 | 0.26 |
| Dec 31, 2019 | 1.28 | 1.28 | 0.45 | 0.35 | 0.82 |
| Dec 31, 2018 | 1.44 | 1.25 | — | 0.39 | 0.92 |
| Dec 31, 2017 | 1.45 | 1.24 | — | 0.37 | 0.89 |
| Dec 31, 2016 | 1.51 | 1.09 | — | 0.36 | 0.91 |
| Dec 31, 2015 | 1.52 | 1.28 | — | 0.40 | 0.93 |
| Dec 31, 2014 | 1.64 | 1.38 | — | 0.46 | 1.04 |
| Dec 31, 2013 | 1.53 | 1.32 | — | 0.44 | 1.04 |
| Dec 31, 2012 | 1.39 | 1.43 | — | 0.44 | 0.99 |
| Dec 31, 2011 | 1.53 | 1.44 | — | 0.43 | 0.98 |
| Dec 31, 2010 | 1.47 | 1.39 | — | 0.39 | 0.59 |
| Dec 31, 2009 | 1.42 | 1.46 | — | 0.33 | 0.87 |
| Dec 31, 2008 | 1.62 | 1.48 | — | 0.45 | 1.04 |
| Dec 31, 2007 | 1.27 | 1.47 | — | 0.43 | 0.83 |
| Dec 31, 2006 | 1.43 | 1.42 | — | 0.43 | 0.76 |
| Dec 31, 2005 | 1.21 | 1.44 | — | 0.38 | 0.90 |
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 (Transportation)
United Parcel Service Inc., total asset turnover, long-term trends, comparison to sector (transportation)
| United Parcel Service Inc. | Transportation | |
|---|---|---|
| Dec 31, 2024 | 1.30 | 0.87 |
| Dec 31, 2023 | 1.28 | 0.88 |
| Dec 31, 2022 | 1.41 | 0.92 |
| Dec 31, 2021 | 1.40 | 0.76 |
| Dec 31, 2020 | 1.36 | 0.69 |
| Dec 31, 2019 | 1.28 | 0.86 |
| Dec 31, 2018 | 1.44 | 0.98 |
| Dec 31, 2017 | 1.45 | 0.95 |
| Dec 31, 2016 | 1.51 | 0.92 |
| Dec 31, 2015 | 1.52 | 0.97 |
| Dec 31, 2014 | 1.64 | 1.05 |
| Dec 31, 2013 | 1.53 | 1.02 |
| Dec 31, 2012 | 1.39 | 1.01 |
| Dec 31, 2011 | 1.53 | 1.03 |
| Dec 31, 2010 | 1.47 | 0.88 |
| Dec 31, 2009 | 1.42 | 0.95 |
| Dec 31, 2008 | 1.62 | 1.09 |
| Dec 31, 2007 | 1.27 | 0.97 |
| Dec 31, 2006 | 1.43 | 0.97 |
| Dec 31, 2005 | 1.21 | 0.93 |
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)
United Parcel Service Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| United Parcel Service Inc. | Industrials | |
|---|---|---|
| Dec 31, 2024 | 1.30 | 0.65 |
| Dec 31, 2023 | 1.28 | 0.67 |
| Dec 31, 2022 | 1.41 | 0.66 |
| Dec 31, 2021 | 1.40 | 0.58 |
| Dec 31, 2020 | 1.36 | 0.50 |
| Dec 31, 2019 | 1.28 | 0.62 |
| Dec 31, 2018 | 1.44 | 0.67 |
| Dec 31, 2017 | 1.45 | 0.62 |
| Dec 31, 2016 | 1.51 | 0.61 |
| Dec 31, 2015 | 1.52 | 0.54 |
| Dec 31, 2014 | 1.64 | 0.49 |
| Dec 31, 2013 | 1.53 | 0.47 |
| Dec 31, 2012 | 1.39 | 0.46 |
| Dec 31, 2011 | 1.53 | 0.45 |
| Dec 31, 2010 | 1.47 | 0.41 |
| Dec 31, 2009 | 1.42 | 0.39 |
| Dec 31, 2008 | 1.62 | 0.43 |
| Dec 31, 2007 | 1.27 | 0.41 |
| Dec 31, 2006 | 1.43 | 0.43 |
| Dec 31, 2005 | 1.21 | 0.40 |
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).