Allete Inc (ALE)
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 | 1,529,800 | 1,567,700 | 1,539,300 | 1,718,200 | 1,879,800 | 1,902,900 | 1,912,400 | 1,752,100 | 1,570,700 | 1,543,900 | 1,501,000 | 1,463,500 | 1,419,200 | 1,340,600 | 1,289,100 | 1,196,700 | 1,169,100 | 1,153,300 | 1,147,700 | 1,194,900 |
| Total assets | US$ in thousands | 6,754,300 | 6,737,200 | 6,661,300 | 6,604,600 | 6,656,400 | 6,644,800 | 6,567,900 | 6,704,500 | 6,845,600 | 6,858,000 | 6,839,000 | 6,556,000 | 6,422,300 | 6,332,200 | 6,293,300 | 6,274,500 | 6,084,600 | 5,878,500 | 5,760,400 | 5,619,500 |
| Total asset turnover | 0.23 | 0.23 | 0.23 | 0.26 | 0.28 | 0.29 | 0.29 | 0.26 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.20 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,529,800K ÷ $6,754,300K
= 0.23
Allete Inc's total asset turnover ratio has shown varying trends over the periods from March 31, 2020, to December 31, 2024. The ratio started at 0.21 in March 31, 2020, and decreased slightly to 0.19 by December 31, 2020. This indicates that the company generated $0.21 in sales for every dollar of assets in the initial period and $0.19 in sales for every dollar of assets by the end of 2020.
From March 31, 2021, to June 30, 2022, the total asset turnover ratio remained relatively stable, hovering between 0.19 and 0.22. This suggests that the company's efficiency in utilizing its assets to generate sales was consistent during this period.
There was a notable improvement in total asset turnover from March 31, 2023, to June 30, 2023, increasing from 0.26 to 0.29. This suggests that Allete Inc became more efficient in generating sales from its assets during this period.
However, the total asset turnover ratio declined in the following periods, dropping back to 0.23 by December 31, 2024. This decrease may indicate potential inefficiencies in asset utilization or changes in the company's sales volume relative to its asset base.
Overall, fluctuations in Allete Inc's total asset turnover ratio indicate varying levels of efficiency in utilizing assets to generate sales over the analyzed periods. Investors and stakeholders may want to monitor this ratio to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024