Arcosa Inc (ACA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,307,900 | 2,242,800 | 2,036,400 | 1,935,600 | 1,736,900 |
| Total assets | US$ in thousands | 3,577,900 | 3,340,600 | 3,188,100 | 2,646,700 | 2,302,500 |
| Total asset turnover | 0.65 | 0.67 | 0.64 | 0.73 | 0.75 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,307,900K ÷ $3,577,900K
= 0.65
Total asset turnover is a key financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Arcosa Inc's total asset turnover has been fluctuating over the past five years. In 2023, the total asset turnover ratio stood at 0.65, indicating that the company generated $0.65 in sales for every dollar of total assets. This represents a slight decrease from the previous year's ratio of 0.67.
While the trend has been somewhat erratic, with ratios ranging between 0.64 and 0.75 over the past five years, the general trend seems to show some volatility in the company's ability to efficiently utilize its assets to generate sales. It is important for Arcosa Inc to closely monitor and possibly improve its total asset turnover ratio to enhance efficiency and profitability in the long run.
Peer comparison
Dec 31, 2023