Ametek Inc (AME)

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	6,941,170	6,910,450	6,824,730	6,736,010	6,596,950	6,491,740	6,420,690	6,289,130	6,150,530	6,028,600	5,917,490	5,789,290	5,546,510	5,241,720	4,927,980	4,553,550	4,540,030	4,645,900	4,795,590	5,073,080
Total assets	US$ in thousands	14,631,200	14,767,600	14,795,900	14,865,000	15,023,500	13,093,400	12,839,900	12,616,000	12,431,100	12,038,900	11,985,000	11,972,000	11,898,200	11,679,700	11,755,300	10,579,900	10,357,500	10,433,400	10,311,200	10,601,900
Total asset turnover		0.47	0.47	0.46	0.45	0.44	0.50	0.50	0.50	0.49	0.50	0.49	0.48	0.47	0.45	0.42	0.43	0.44	0.45	0.47	0.48

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,941,170K ÷ $14,631,200K
= 0.47

The total asset turnover ratio for Ametek Inc has been relatively stable over the past few years. It indicates how efficiently the company is generating sales revenue from its total assets.

From March 31, 2020, to December 31, 2024, the total asset turnover ratio fluctuated between 0.42 and 0.50. The ratio peaked at 0.50 in March 31, 2023, June 30, 2023, September 30, 2023, and September 30, 2024, suggesting the company effectively utilized its assets to generate sales during those periods. Conversely, the ratio reached its lowest point at 0.42 in June 30, 2021, indicating a lower efficiency in asset utilization to generate revenue.

Overall, fluctuations in the total asset turnover ratio may be influenced by changes in the company's sales volume, asset base, or operational efficiency. An investor or analyst should further investigate the reasons behind these fluctuations to assess the company's overall performance and efficiency in utilizing its assets.