Albemarle Corp (ALB)

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	5,377,520	6,501,970	7,457,880	8,397,690	9,617,200	9,882,020	9,663,220	8,772,620	7,320,100	5,593,324	4,332,090	3,626,396	3,327,957	3,312,900	3,229,202	3,219,355	3,128,909	3,242,326	3,375,205	3,496,208
Total assets	US$ in thousands	16,609,600	17,455,200	18,388,300	19,032,300	18,270,700	18,883,400	19,109,700	17,564,400	15,456,500	13,828,500	12,520,400	11,416,100	10,974,100	10,832,300	10,796,900	10,290,300	10,450,900	10,232,000	10,170,300	9,847,640
Total asset turnover		0.32	0.37	0.41	0.44	0.53	0.52	0.51	0.50	0.47	0.40	0.35	0.32	0.30	0.31	0.30	0.31	0.30	0.32	0.33	0.36

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,377,520K ÷ $16,609,600K
= 0.32

The total asset turnover ratio is a measure of a company's ability to generate revenue in relation to its total assets. A higher total asset turnover ratio typically indicates that a company is more efficient at utilizing its assets to generate revenue.

For Albemarle Corp, the total asset turnover ratio has seen fluctuations over the past few years. It decreased from 0.36 in March 2020 to 0.30 in December 2021, before showing an increasing trend to reach 0.53 by December 2023. This increase may suggest that the company has become more efficient at generating revenue from its assets during this period.

However, the ratio decreased to 0.32 by December 2024, indicating a potential decrease in asset efficiency. It is important for investors and analysts to closely monitor this ratio over time to assess Albemarle Corp's ability to effectively utilize its assets to drive revenue growth.