Autonation(An) Financials: Total Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - total asset turnover
This chart shows the historical trend of total asset turnover for AN compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Total Asset Turnover
Definition: Total asset turnover measures how efficiently the company generates sales from its entire asset base. A high turnover means the company gets a lot of sales out of relatively fewer assets — very efficient. A low turnover may suggest underused assets or bloated balance sheets.
Interpretation:
• In '2021', AN's total asset turnover was 2.89, reflecting overall efficiency in utilizing assets. Industry average for Retail-Auto Dealers and Gas Stations in '2021' stood at 1.68.
• In '2022', AN's total asset turnover was 2.84, reflecting overall efficiency in utilizing assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2022' stood at 1.72. Industry average increased by 0.04 compared to previous year.
• In '2023', AN's total asset turnover was 2.45, reflecting overall efficiency in utilizing assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2023' stood at 1.85. Industry average increased by 0.13 compared to previous year.
• In '2024', AN's total asset turnover was 2.14, reflecting overall efficiency in utilizing assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Retail-Auto Dealers and Gas Stations in '2024' stood at 1.51. Industry average declined by 0.34 from previous year.
Overall, AN's total asset turnover has consistently declined during the past 4 years.
Formula: Total Asset Turnover = Net Sales / Total Assets
Good Range: Ranges from 0.5 to 2 depending on business type.