Alamo Group Inc (ALG)
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 | 1,628,513 | 1,660,732 | 1,679,075 | 1,703,466 | 1,689,651 | 1,658,713 | 1,607,862 | 1,563,382 | 1,513,616 | 1,464,185 | 1,433,703 | 1,385,039 | 1,334,223 | 1,285,674 | 1,239,122 | 1,160,207 | 1,163,466 | 1,175,031 | 1,155,101 | 1,171,652 |
| Total assets | US$ in thousands | 1,450,280 | 1,481,340 | 1,505,970 | 1,519,420 | 1,409,390 | 1,455,510 | 1,457,760 | 1,429,210 | 1,308,510 | 1,327,790 | 1,332,380 | 1,338,020 | 1,205,740 | 1,217,780 | 1,208,830 | 1,206,150 | 1,109,330 | 1,173,460 | 1,189,690 | 1,249,880 |
| Total asset turnover | 1.12 | 1.12 | 1.11 | 1.12 | 1.20 | 1.14 | 1.10 | 1.09 | 1.16 | 1.10 | 1.08 | 1.04 | 1.11 | 1.06 | 1.03 | 0.96 | 1.05 | 1.00 | 0.97 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,628,513K ÷ $1,450,280K
= 1.12
Alamo Group Inc's total asset turnover has shown a steady improvement over the years, increasing from 0.94 as of March 31, 2020, to 1.12 as of December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting better efficiency in asset utilization. The trend suggests that Alamo Group Inc has been successful in optimizing its asset base to drive sales growth and improve operational performance. A total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate sales. Overall, the increasing trend in total asset turnover is a positive sign for Alamo Group Inc's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024