Arch Resources Inc (ARCH)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,129,900 | 3,689,710 | 2,121,840 | 1,453,160 | 2,275,990 |
| Total assets | US$ in thousands | 2,484,170 | 2,433,110 | 2,117,160 | 1,722,470 | 1,867,760 |
| Total asset turnover | 1.26 | 1.52 | 1.00 | 0.84 | 1.22 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,129,900K ÷ $2,484,170K
= 1.26
The total asset turnover of Arch Resources Inc has fluctuated over the past five years. The ratio indicates how efficiently the company is generating revenue from its assets.
In 2023, the total asset turnover ratio decreased to 1.26 from 1.52 in 2022, suggesting a slight decline in the company's ability to generate revenue from its total assets. This could be attributed to changes in the company's operational efficiency or sales performance.
Compared to 2021 when the ratio was at 1.00, there was an improvement in 2022 and 2023, reflecting better utilization of assets to drive revenue.
In 2020, the total asset turnover was 0.84, indicating that the company generated less revenue compared to the value of its total assets. However, in 2019, the ratio improved to 1.22, showing a more efficient use of assets to generate revenue.
Overall, while there have been fluctuations, it is important for Arch Resources Inc to continue monitoring and optimizing its asset turnover to ensure efficient utilization of resources and maximize revenue generation.
Peer comparison
Dec 31, 2023