AAON Inc (AAON)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,200,640 | 1,168,520 | 888,788 | 534,517 | 514,551 |
| Total assets | US$ in thousands | 1,175,230 | 941,436 | 813,903 | 650,180 | 449,008 |
| Total asset turnover | 1.02 | 1.24 | 1.09 | 0.82 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,200,640K ÷ $1,175,230K
= 1.02
AAON Inc's total asset turnover has shown some variability over the past five years. In December 2020, the total asset turnover was 1.15, indicating that the company generated $1.15 in sales for every $1 of total assets. However, this ratio decreased to 0.82 by December 2021, suggesting that the company was less efficient in utilizing its assets to generate sales during that period.
Subsequently, there was an improvement in the total asset turnover to 1.09 by December 2022, indicating a better utilization of assets to generate sales. The ratio further increased to 1.24 by December 2023, reaching its peak over the five-year period. This suggests that AAON Inc was able to generate $1.24 in sales for every $1 of total assets during that year.
However, by December 2024, the total asset turnover had decreased to 1.02. While still above the 1.00 benchmark, this decline indicates a slight reduction in efficiency in utilizing assets to generate sales compared to the previous year.
Overall, the trend in AAON Inc's total asset turnover suggests some fluctuations but generally demonstrates the company's ability to efficiently utilize its assets to generate sales, with some room for improvement in certain periods.
Peer comparison
Dec 31, 2024