Arch Resources Inc (ARCH)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,129,896 | 3,214,888 | 3,332,788 | 3,697,621 | 3,689,711 | 3,567,460 | 3,296,340 | 2,625,198 | 2,121,844 | 1,745,170 | 1,536,181 | 1,404,731 | 1,453,160 | 1,646,594 | 1,882,740 | 2,132,589 | 2,281,496 | 2,382,979 | 2,395,562 | 2,416,529 |
| Total assets | US$ in thousands | 2,484,170 | 2,365,860 | 2,386,900 | 2,432,660 | 2,433,110 | 2,319,860 | 2,313,650 | 2,150,880 | 2,117,160 | 1,930,950 | 1,794,950 | 1,774,160 | 1,722,470 | 1,653,340 | 1,802,390 | 1,857,510 | 1,867,760 | 1,934,600 | 1,889,530 | 1,863,200 |
| Total asset turnover | 1.26 | 1.36 | 1.40 | 1.52 | 1.52 | 1.54 | 1.42 | 1.22 | 1.00 | 0.90 | 0.86 | 0.79 | 0.84 | 1.00 | 1.04 | 1.15 | 1.22 | 1.23 | 1.27 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,129,896K ÷ $2,484,170K
= 1.26
The total asset turnover ratio of Arch Resources Inc has shown fluctuations over the specified period. The ratio measures the efficiency of the company in generating sales from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more efficiently to generate revenue.
From December 2019 to June 2020, the total asset turnover ratio steadily increased from 1.22 to 1.04 before reaching a peak of 1.15 in March 2020. However, there was a slight decline in the ratio by the end of 2020. The ratio then showed improvement, peaking at 1.54 in September 2022, indicating a more efficient use of assets during that period.
Subsequently, there was a gradual decrease in the ratio, reaching 1.26 by the end of December 2023. Despite the fluctuations, the overall trend suggests that Arch Resources Inc has improved its efficiency in generating sales from its total assets over the analyzed period. However, the company should continue to monitor and manage its asset utilization to maintain or improve the total asset turnover ratio in the future.
Peer comparison
Dec 31, 2023