ArcBest Corp (ARCB)

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	4,182,550	4,265,140	4,329,760	4,354,670	4,493,120	4,653,130	4,876,850	5,166,410	5,326,350	5,274,290	4,938,980	4,495,079	3,997,842	3,620,356	3,398,646	3,076,929	2,942,547	2,843,551	2,836,113	2,980,260
Total assets	US$ in thousands	2,429,730	2,414,180	2,408,530	2,357,140	2,485,090	2,437,450	2,414,100	2,431,590	2,494,290	2,440,110	2,293,710	2,209,700	2,112,680	1,962,430	1,841,470	1,768,020	1,779,010	1,746,230	1,870,760	1,834,360
Total asset turnover		1.72	1.77	1.80	1.85	1.81	1.91	2.02	2.12	2.14	2.16	2.15	2.03	1.89	1.84	1.85	1.74	1.65	1.63	1.52	1.62

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,182,550K ÷ $2,429,730K
= 1.72

The total asset turnover of ArcBest Corp has shown fluctuation over the past few years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.

From March 31, 2020, to December 31, 2023, there was a general upward trend in total asset turnover, increasing from 1.62 to 2.12. This suggests that ArcBest Corp was becoming more efficient in generating revenue from its assets during this period.

However, from March 31, 2024, the total asset turnover ratio started to decline, reaching 1.72 by December 31, 2024. This could indicate a decrease in efficiency in utilizing assets to generate revenue during this period.

It is important for ArcBest Corp to closely monitor this ratio to ensure that the company is effectively managing its assets to maximize revenue generation. Further analysis of the company's operations and financial performance would be needed to understand the factors contributing to the fluctuations in total asset turnover.