Albany International Corporation (AIN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Total assets | US$ in thousands | 1,648,700 | 1,835,010 | 1,642,260 | 1,556,060 | 1,549,940 |
| Total asset turnover | 0.75 | 0.63 | 0.63 | 0.60 | 0.58 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,230,620K ÷ $1,648,700K
= 0.75
The total asset turnover ratio for Albany International Corporation has shown a positive trend over the years, increasing from 0.58 in December 31, 2020, to 0.75 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets invested.
A total asset turnover ratio of 0.75 means that for every dollar of total assets, the company is generating $0.75 of revenue. This suggests that Albany International Corporation is efficiently utilizing its assets to generate sales.
The consistent improvement in the total asset turnover ratio is a positive sign, indicating that the company is becoming more efficient in managing its assets to drive revenue growth. It shows that the company is effectively using its resources to generate sales and that its operations are becoming more productive over time.
Overall, the increasing trend in the total asset turnover ratio reflects positively on Albany International Corporation's operational efficiency and effectiveness in utilizing its assets to drive revenue generation.