Ametek Inc (AME)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,941,180 | 6,596,950 | 6,150,530 | 5,546,510 | 4,540,030 |
| Total assets | US$ in thousands | 14,631,200 | 15,023,500 | 12,431,100 | 11,898,200 | 10,357,500 |
| Total asset turnover | 0.47 | 0.44 | 0.49 | 0.47 | 0.44 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,941,180K ÷ $14,631,200K
= 0.47
The total asset turnover ratio for Ametek Inc has shown a gradual improvement over the past five years. In December 2020, the ratio stood at 0.44, indicating that the company generated $0.44 of revenue for every dollar of assets. By December 2024, this ratio had increased to 0.47, signifying a more efficient utilization of assets to generate revenue. However, in 2022, the ratio peaked at 0.49 before declining slightly. Overall, Ametek Inc's total asset turnover demonstrates a positive trend, suggesting that the company has been more effective in generating sales relative to its asset base.
Peer comparison
Dec 31, 2024