Api Group Corp (APG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,018,000 | 6,928,000 | 6,558,000 | 3,940,000 | 3,587,000 |
| Total assets | US$ in thousands | 8,152,000 | 7,590,000 | 8,091,000 | 5,159,000 | 4,065,000 |
| Total asset turnover | 0.86 | 0.91 | 0.81 | 0.76 | 0.88 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,018,000K ÷ $8,152,000K
= 0.86
The total asset turnover ratio for Api Group Corp has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the ratio was calculated at 0.88, indicating that, on average, revenue generated was 88 cents for every dollar of total assets employed during that year. The subsequent year, 2021, saw a decline to 0.76, suggesting a reduction in asset efficiency in generating sales compared to the previous year. In 2022, the ratio experienced a slight rebound, increasing to 0.81, which implies some improvement in the utilization of assets to produce revenue. Moving into 2023, the ratio further increased to 0.91, approaching a higher level of asset efficiency and reaching the highest point within this period. However, in 2024, the ratio decreased slightly to 0.86, indicating a modest normalization in asset turnover that remains above the 2021 level but below its peak in 2023. Overall, the trend demonstrates variability with an overall upward movement from the 2021 low point, suggesting a trend towards more efficient utilization of assets in generating sales over the observed period.
Peer comparison
Dec 31, 2024