Archrock Inc (AROC)

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	1,142,169	1,036,877	972,925	921,312	884,635	850,029	813,492	785,951	753,160	724,464	705,631	683,916	685,067	688,377	699,129	720,039	768,969	841,112	878,250	896,466
Total assets	US$ in thousands	3,824,200	3,816,250	2,710,650	2,662,940	2,655,950	2,672,110	2,680,020	2,619,910	2,598,750	2,605,600	2,601,330	2,600,020	2,589,970	2,618,220	2,695,660	2,722,530	2,779,720	2,865,670	2,928,390	3,016,840
Total asset turnover		0.30	0.27	0.36	0.35	0.33	0.32	0.30	0.30	0.29	0.28	0.27	0.26	0.26	0.26	0.26	0.26	0.28	0.29	0.30	0.30

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,142,169K ÷ $3,824,200K
= 0.30

The total asset turnover ratio of Archrock Inc shows a fluctuating trend over the given period. The ratio ranged between 0.26 and 0.36. It started at 0.30 in March 2020, decreased to 0.26 by March 2021, remained relatively stable around this level for a few quarters, and then showed an increasing trend reaching 0.35 by March 2024.

A total asset turnover ratio of less than 1 indicates that Archrock Inc generates less than a dollar in revenue for every dollar of assets it owns. The fluctuations in the ratio may suggest varying levels of efficiency in utilizing its assets to generate sales. Further analysis would be needed to determine the reasons behind these fluctuations and their impact on the company's operational performance and financial health.