Atlas Energy Solutions Inc. (AESI)
Total asset turnover
Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 918,549 | 770,235 | |||
Total assets | US$ in thousands | 1,973,490 | 1,982,330 | 1,941,680 | 1,261,690 | 1,239,270 |
Total asset turnover | 0.47 | 0.39 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $918,549K ÷ $1,973,490K
= 0.47
The total asset turnover ratio for Atlas Energy Solutions Inc. has shown an increasing trend over the past five quarters, with values of 0.47 as of September 30, 2024, and 0.39 as of June 30, 2024. This indicates that the company generated $0.47 in revenue for every $1 of total assets in the most recent quarter, reflecting an improvement in efficiency in utilizing its assets to generate revenue. However, it is important to note that a total asset turnover below 1 may suggest that the company may not be effectively utilizing its assets to generate sales compared to its asset base. Further analysis would be needed to understand the factors contributing to this trend and whether it aligns with the company's operational and strategic goals.
Peer comparison
Sep 30, 2024