Albany International Corporation (AIN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,230,615 | 1,267,294 | 1,250,014 | 1,192,143 | 1,147,909 | 1,093,111 | 1,072,568 | 1,059,814 | 1,034,887 | 1,006,019 | 977,898 | 951,048 | 929,241 | 916,180 | 895,737 | 887,208 | 900,610 | 931,431 | 990,565 | 1,038,524 |
| Total assets | US$ in thousands | 1,648,700 | 1,753,200 | 1,751,820 | 1,798,180 | 1,835,010 | 1,790,250 | 1,707,150 | 1,695,760 | 1,642,260 | 1,571,850 | 1,613,060 | 1,580,060 | 1,556,060 | 1,540,240 | 1,526,640 | 1,512,170 | 1,549,940 | 1,490,690 | 1,461,960 | 1,483,630 |
| Total asset turnover | 0.75 | 0.72 | 0.71 | 0.66 | 0.63 | 0.61 | 0.63 | 0.62 | 0.63 | 0.64 | 0.61 | 0.60 | 0.60 | 0.59 | 0.59 | 0.59 | 0.58 | 0.62 | 0.68 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,230,615K ÷ $1,648,700K
= 0.75
The total asset turnover ratio measures the efficiency of Albany International Corporation in generating sales from its total assets. A higher total asset turnover indicates the company is more efficient in utilizing its assets to generate revenue.
Based on the data provided, Albany International Corporation's total asset turnover has been fluctuating over the past few years. The ratio decreased from 0.70 as of March 31, 2020, to 0.58 as of December 31, 2020, suggesting a decrease in efficiency in generating sales from its assets during this period. Subsequently, the ratio slightly recovered to 0.61 by June 30, 2022, before showing a slight improvement to 0.75 by December 31, 2024.
Overall, the trend of the total asset turnover ratio for Albany International Corporation indicates some volatility with fluctuations, but the company has shown improvement in its asset utilization efficiency over the years, reaching a higher ratio by the end of 2024 compared to the earlier periods. This suggests that the company has been able to enhance its ability to generate revenue from its total assets.