Alamo Group Inc (ALG)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,689,163 | 1,650,337 | 1,602,481 | 1,561,649 | 1,513,482 | 1,458,602 | 1,429,194 | 1,380,865 | 1,330,676 | 1,290,046 | 1,242,693 | 1,162,691 | 1,163,174 | 1,167,345 | 1,149,039 | 1,167,596 | 1,118,586 | 1,073,880 | 1,060,061 | 1,032,438 |
| Total assets | US$ in thousands | 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 | 1,121,860 | 1,173,460 | 1,189,690 | 1,249,880 | 1,212,760 | 856,393 | 866,579 | 852,253 |
| Total asset turnover | 1.20 | 1.13 | 1.10 | 1.09 | 1.16 | 1.10 | 1.07 | 1.03 | 1.10 | 1.06 | 1.03 | 0.96 | 1.04 | 0.99 | 0.97 | 0.93 | 0.92 | 1.25 | 1.22 | 1.21 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,689,163K ÷ $1,409,390K
= 1.20
The total asset turnover ratio measures the efficiency of Alamo Group Inc. in generating sales revenue in relation to its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Looking at the data provided, we observe fluctuations in Alamo Group Inc.'s total asset turnover ratio over the past eight quarters. The ratio has ranged from 1.04 to 1.20 during this period.
In Q4 2023, the total asset turnover ratio was 1.20, which indicates that for every dollar of total assets, the company generated $1.20 in sales revenue. This represents an improvement in efficiency compared to the previous quarter.
Overall, Alamo Group Inc.'s total asset turnover has been relatively stable over the past two years, with some fluctuations quarter-over-quarter. It is important for the company to continue monitoring and managing its asset utilization to ensure optimal efficiency in generating revenue.
Peer comparison
Dec 31, 2023