Arcosa Inc (ACA)
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 | 2,307,900 | 2,226,000 | 2,238,200 | 2,256,200 | 2,242,800 | 2,264,300 | 2,219,500 | 2,131,800 | 2,036,400 | 1,973,500 | 1,904,400 | 1,887,800 | 1,935,600 | 1,923,600 | 1,878,600 | 1,814,200 | 1,736,900 | 1,664,400 | 1,598,000 | |
| Total assets | US$ in thousands | 3,577,900 | 3,489,600 | 3,495,600 | 3,417,100 | 3,340,600 | 3,380,600 | 3,337,300 | 3,256,800 | 3,188,100 | 3,301,200 | 3,090,200 | 2,666,000 | 2,646,700 | 2,635,000 | 2,560,200 | 2,621,600 | 2,302,500 | 2,218,000 | 2,171,900 | 2,142,800 |
| Total asset turnover | 0.65 | 0.64 | 0.64 | 0.66 | 0.67 | 0.67 | 0.67 | 0.65 | 0.64 | 0.60 | 0.62 | 0.71 | 0.73 | 0.73 | 0.73 | 0.69 | 0.75 | 0.75 | 0.74 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,307,900K ÷ $3,577,900K
= 0.65
Arcosa Inc's total asset turnover has shown relatively stable performance over the past eight quarters, ranging between 0.64 and 0.67. The ratio measures how efficiently the company generates sales revenue from its total assets. A total asset turnover ratio of less than 1 indicates that the company is generating less revenue per dollar of assets, suggesting potential inefficiencies in asset utilization.
In the case of Arcosa Inc, the trend indicates that the company may not be effectively using its assets to generate sales revenue. This could be due to factors such as underutilization of assets, poor sales performance, or inefficient asset management.
It is important for Arcosa Inc to closely monitor its total asset turnover ratio and identify opportunities to improve efficiency in asset utilization. By optimizing its asset turnover, the company can enhance its overall profitability and financial performance.
Peer comparison
Dec 31, 2023