Astec Industries Inc (ASTE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,305,100 | 1,338,200 | 1,274,500 | 1,097,200 | 1,024,400 |
| Total assets | US$ in thousands | 1,043,600 | 1,059,300 | 1,014,400 | 911,300 | 848,200 |
| Total asset turnover | 1.25 | 1.26 | 1.26 | 1.20 | 1.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,305,100K ÷ $1,043,600K
= 1.25
The total asset turnover of Astec Industries Inc has been relatively stable over the past five years, ranging from 1.20 to 1.26. This ratio indicates that, on average, the company generated between $1.20 to $1.26 in revenue for every dollar of assets held during the respective fiscal years.
A total asset turnover ratio of around 1.20 to 1.26 suggests that the company efficiently utilizes its assets to generate sales. Although there has been slight fluctuations, the consistency of this ratio over the years indicates a steady operational performance in terms of asset utilization.
Overall, Astec Industries Inc's total asset turnover reflects the company's ability to efficiently convert its assets into revenue, highlighting effective management of its asset base in generating sales.
Peer comparison
Dec 31, 2024