AAON Inc (AAON)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,164,845 | 1,115,007 | 1,046,379 | 974,572 | 891,972 | 773,593 | 671,628 | 605,145 | 538,153 | 517,306 | 512,603 | 495,316 | 517,101 | 522,975 | 501,374 | 494,292 | 469,759 | 459,553 | 458,954 | 449,244 |
| Total assets | US$ in thousands | 941,436 | 944,543 | 930,051 | 867,914 | 813,903 | 785,843 | 776,712 | 717,458 | 650,180 | 516,403 | 504,184 | 483,384 | 449,008 | 439,913 | 429,807 | 395,620 | 371,424 | 351,900 | 341,981 | 319,238 |
| Total asset turnover | 1.24 | 1.18 | 1.13 | 1.12 | 1.10 | 0.98 | 0.86 | 0.84 | 0.83 | 1.00 | 1.02 | 1.02 | 1.15 | 1.19 | 1.17 | 1.25 | 1.26 | 1.31 | 1.34 | 1.41 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,164,845K ÷ $941,436K
= 1.24
AAON Inc.'s total asset turnover has shown a positive trend over the past eight quarters, indicating increasing efficiency in generating sales from its total assets. The company's performance has been improving steadily, with the total asset turnover ratio increasing from 0.84 in Q1 2022 to 1.24 in Q4 2023. This suggests that AAON Inc. has been able to generate more revenue relative to its total assets over time, reflecting effective asset utilization and potentially increasing sales volume. The trend implies that the company is effectively managing its assets to drive sales growth and improve overall operational efficiency.
Peer comparison
Dec 31, 2023