The Andersons Inc (ANDE)
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 | 11,257,550 | 11,347,410 | 12,362,110 | 13,587,090 | 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 |
| Total assets | US$ in thousands | 4,121,310 | 3,388,300 | 3,299,810 | 3,261,070 | 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 |
| Total asset turnover | 2.73 | 3.35 | 3.75 | 4.17 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,257,550K ÷ $4,121,310K
= 2.73
The total asset turnover for The Andersons Inc has shown fluctuations over the periods provided, ranging from 1.89 to 4.71. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover reflects that the company is generating more revenue per dollar of assets, indicating efficient asset utilization.
From March 31, 2020, to March 31, 2024, there is an overall increasing trend in the total asset turnover for the company, reaching a peak of 4.71 on June 30, 2023. This indicates that the company has been able to generate more revenue relative to its total assets during this period. However, there is a slight decline in the ratio towards the end of the period, dropping to 2.73 on December 31, 2024.
Overall, the total asset turnover trend for The Andersons Inc shows periods of efficiency in asset utilization, with fluctuations that may be influenced by changes in the company's operations, sales, or asset management strategies during the respective periods. It is essential for stakeholders to monitor these changes to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2024