Atlas Energy Solutions Inc. (AESI)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,012,332 | 918,549 | 770,235 |
| Total assets | US$ in thousands | 1,972,650 | 1,973,490 | 1,982,330 |
| Total asset turnover | 0.51 | 0.47 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,012,332K ÷ $1,972,650K
= 0.51
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. For Atlas Energy Solutions Inc., the total asset turnover has been gradually improving over the three quarters provided. In June 30, 2024, the ratio was 0.39, indicating that the company generated $0.39 in revenue for every dollar of assets. By September 30, 2024, the ratio increased to 0.47, suggesting an improvement in asset utilization. Finally, by December 31, 2024, the ratio further increased to 0.51, showing that the company was able to generate $0.51 in revenue for every dollar of assets during that period.
This trend indicates that Atlas Energy Solutions Inc. has been able to enhance its efficiency in generating revenue from its assets over the three quarters analyzed. The increasing total asset turnover ratio reflects a positive trend in the company's operational efficiency and its ability to generate more revenue per dollar of assets employed. It could suggest improvements in managing inventory, accounts receivable, and fixed assets, ultimately leading to better overall financial performance.
Peer comparison
Dec 31, 2024