AAON Inc (AAON)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,200,635 | 1,209,555 | 1,194,273 | 1,164,664 | 1,168,518 | 1,116,478 | 1,047,113 | 971,970 | 888,788 | 770,472 | 666,438 | 601,500 | 534,517 | 514,935 | 511,136 | 492,856 | 514,551 | 520,425 | 499,153 | 492,994 |
| Total assets | US$ in thousands | 1,175,230 | 1,030,620 | 1,010,720 | 952,921 | 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 |
| Total asset turnover | 1.02 | 1.17 | 1.18 | 1.22 | 1.24 | 1.18 | 1.13 | 1.12 | 1.09 | 0.98 | 0.86 | 0.84 | 0.82 | 1.00 | 1.01 | 1.02 | 1.15 | 1.18 | 1.16 | 1.25 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,200,635K ÷ $1,175,230K
= 1.02
The total asset turnover ratio for AAON Inc has fluctuated over the past few years, ranging from a high of 1.25 in March 2020 to a low of 0.82 in December 2021. This ratio measures the company's ability to generate sales from its total assets, indicating how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests that the company is more efficient in generating sales from its assets, while a lower ratio may indicate inefficiencies or underutilization of assets.
In the earlier years, AAON Inc showed relatively stable total asset turnover ratios above 1.00, indicating efficient asset utilization. However, the ratio began to decline in March 2021 and continued to decrease until reaching a low point in December 2021. This decline may suggest that the company's sales were not keeping pace with its total assets, potentially signaling operational challenges or declining productivity.
Subsequently, there was a slight improvement in the total asset turnover ratio in the following periods, with ratios hovering around 1.00. This improvement could indicate efforts by the company to better utilize its assets and improve operational efficiency. Overall, monitoring the total asset turnover ratio can provide insights into AAON Inc's ability to generate revenue relative to its asset base and may indicate changes in the company's operational efficiency over time.
Peer comparison
Dec 31, 2024