The Andersons Inc (ANDE)
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 | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 | 8,170,190 | 7,097,252 | 5,800,071 | 4,386,433 |
| Total assets | US$ in thousands | 3,855,010 | 3,588,100 | 3,570,050 | 4,102,040 | 4,608,000 | 4,418,620 | 4,737,180 | 5,142,940 | 4,569,220 | 3,708,140 | 4,049,090 | 4,266,740 | 4,272,120 | 3,411,610 | 3,303,990 | 3,752,690 | 3,900,740 | 3,284,450 | 3,571,860 | 3,660,250 |
| Total asset turnover | 3.83 | 4.52 | 4.71 | 4.20 | 3.76 | 3.72 | 3.21 | 2.72 | 2.76 | 3.06 | 2.53 | 2.07 | 1.89 | 2.18 | 2.28 | 2.13 | 2.09 | 2.16 | 1.62 | 1.20 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,750,110K ÷ $3,855,010K
= 3.83
Andersons Inc. has shown relatively stable total asset turnover over the past eight quarters, ranging from 2.71 to 4.71. The highest total asset turnover was recorded in Q2 2023 at 4.71, indicating that the company generated $4.71 in sales for every $1 of total assets during that period. This suggests the efficient utilization of assets to generate revenue.
The overall trend in total asset turnover appears to be positive, with an increasing trend since Q1 2022. This implies that the company has been improving its efficiency in generating sales from its total assets over time. However, it is important to note that there was a slight dip in Q4 2023 compared to the previous quarter, indicating a potential decrease in asset efficiency during that period.
Overall, Andersons Inc. has been effectively leveraging its total assets to drive revenue generation, signaling operational efficiency and effective asset management. However, monitoring fluctuations in total asset turnover is essential to ensure continued efficiency and profitability in the future.
Peer comparison
Dec 31, 2023