Amentum Holdings Inc. (AMTM)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,441,000 | 8,388,000 | 5,616,000 | 5,659,000 | 5,625,000 | 5,536,000 |
| Total assets | US$ in thousands | 11,919,000 | 11,974,000 | 4,052,000 | 4,174,000 | 4,212,000 | 6,413,000 |
| Total asset turnover | 0.88 | 0.70 | 1.39 | 1.36 | 1.34 | 0.86 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,441,000K ÷ $11,919,000K
= 0.88
The total asset turnover ratio for Amentum Holdings Inc. has shown fluctuations over the past few quarters. As of December 31, 2023, the total asset turnover was 1.34, indicating that the company generated $1.34 in revenue for every dollar of total assets. This suggests efficient utilization of assets to generate sales.
The ratio improved further to 1.36 by March 31, 2024, and then slightly increased to 1.39 by June 30, 2024, showing a positive trend in asset utilization. This could be indicative of improved operational efficiency and effective management of assets to drive sales.
However, there was a significant decline in the total asset turnover ratio to 0.70 by September 30, 2024, and a slight recovery to 0.88 by December 31, 2024. The decrease in the ratio may indicate challenges in efficiently generating sales relative to the level of total assets in those periods.
Overall, while the total asset turnover has exhibited some variability, it is essential for Amentum Holdings Inc. to closely monitor and optimize its asset utilization to maintain a healthy balance between generating revenue and managing its asset base effectively.
Peer comparison
Dec 31, 2024