Archrock Inc (AROC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,172,300 | 889,048 | 784,803 | 703,584 | 775,926 |
| Total assets | US$ in thousands | 3,824,200 | 2,655,950 | 2,598,750 | 2,589,970 | 2,779,720 |
| Total asset turnover | 0.31 | 0.33 | 0.30 | 0.27 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,172,300K ÷ $3,824,200K
= 0.31
The total asset turnover for Archrock Inc has shown a fluctuating trend over the past five years. It decreased slightly from 0.28 in December 31, 2020, to 0.27 in December 31, 2021. However, it started to improve thereafter, reaching 0.30 in December 31, 2022, and further increasing to 0.33 in December 31, 2023. However, there was a slight decline to 0.31 in December 31, 2024. Overall, the company's total asset turnover indicates the efficiency with which it generates sales revenue from its total assets, and the recent improvement suggests better utilization of assets to drive sales.
Peer comparison
Dec 31, 2024