Api Group Corp (APG)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,136,000 | 7,018,000 | 6,916,000 | 6,874,000 | 6,915,000 | 6,928,000 | 6,872,000 | 6,823,000 | 6,701,000 | 6,558,000 | 5,967,000 | 5,279,000 | 4,608,000 | 3,940,000 | 3,710,000 | 3,621,000 | 3,532,000 | 3,587,000 | 3,690,000 | 3,845,470 |
| Total assets | US$ in thousands | 8,098,000 | 8,152,000 | 8,245,000 | 7,961,000 | 7,192,000 | 7,590,000 | 7,949,000 | 7,974,000 | 7,766,000 | 8,091,000 | 7,941,000 | 8,054,000 | 8,142,000 | 5,159,000 | 4,783,000 | 4,243,000 | 4,218,000 | 4,065,000 | 3,826,000 | 3,770,000 |
| Total asset turnover | 0.88 | 0.86 | 0.84 | 0.86 | 0.96 | 0.91 | 0.86 | 0.86 | 0.86 | 0.81 | 0.75 | 0.66 | 0.57 | 0.76 | 0.78 | 0.85 | 0.84 | 0.88 | 0.96 | 1.02 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,136,000K ÷ $8,098,000K
= 0.88
The total asset turnover ratio of Api Group Corp exhibits notable fluctuations over the analyzed period. Starting at a relatively high level of 1.02 as of June 30, 2020, the ratio declined steadily through the subsequent quarters, reaching its lowest point of 0.57 by March 31, 2022. This downward trend indicates a decreasing efficiency in utilizing assets to generate sales during this interval.
Following this trough, the ratio demonstrated a consistent upward recovery, reaching 0.86 by March 31, 2023, and maintaining this level through the next several quarters. This increase suggests an improvement in the company's asset utilization efficiency, culminating in a ratio of approximately 0.96 by March 31, 2024. The metric then stabilized around 0.86 to 0.88 in subsequent periods, reflecting a period of relative stability in asset productivity.
Overall, the data indicates a phase of declining efficiency in asset utilization during 2020–2022, followed by a marked recovery and stabilization from 2023 onward. The fluctuations point to periods of operational adjustment or strategic shifts impacting how effectively the company's assets are used to generate revenue over time.
Peer comparison
Mar 31, 2025