Alpha Metallurgical Resources Inc (AMR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,471,420 | 4,101,590 | 2,258,690 | 1,416,190 | 2,001,280 |
| Total assets | US$ in thousands | 2,406,060 | 2,312,480 | 1,857,710 | 1,680,090 | 2,302,820 |
| Total asset turnover | 1.44 | 1.77 | 1.22 | 0.84 | 0.87 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,471,420K ÷ $2,406,060K
= 1.44
Total asset turnover measures how efficiently a company generates revenue from its assets. It indicates the company's ability to utilize its assets to generate sales.
From the data provided, Alpha Metallurgical Resources Inc's total asset turnover has shown fluctuations over the past four years. In 2023, the total asset turnover was 1.44, decreasing from 1.77 in 2022. This decline could be indicative of either a decrease in sales or an increase in total assets that are not generating proportionate revenue.
Comparing to 2021, Alpha Metallurgical Resources Inc saw an improvement in total asset turnover in 2022. The ratio increased from 1.22 in 2021 to 1.77 in 2022, suggesting that the company became more efficient in generating revenue from its assets during that period.
In 2020, the total asset turnover was 0.84, the lowest among the four years. This implies that in 2020, Alpha Metallurgical Resources Inc generated less revenue relative to its total assets compared to the other years.
Overall, it is essential for Alpha Metallurgical Resources Inc to closely monitor its total asset turnover ratio to ensure optimal asset utilization and revenue generation efficiency. fluctuations in this ratio could indicate performance issues that the company should address to improve its financial health and operational efficiency.
Peer comparison
Dec 31, 2023