Astec Industries Inc (ASTE)
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 | 1,305,100 | 1,283,300 | 1,295,000 | 1,299,500 | 1,338,200 | 1,350,900 | 1,363,000 | 1,331,200 | 1,274,500 | 1,192,400 | 1,144,200 | 1,104,000 | 1,097,200 | 1,068,300 | 1,032,700 | 1,020,000 | 1,024,400 | 1,068,724 | 1,093,131 | 1,132,633 |
| Total assets | US$ in thousands | 1,043,600 | 1,067,100 | 1,107,000 | 1,123,000 | 1,059,300 | 1,074,400 | 1,010,400 | 1,008,400 | 1,014,400 | 944,600 | 949,900 | 943,400 | 911,300 | 910,700 | 902,300 | 868,300 | 848,200 | 819,700 | 793,800 | 804,900 |
| Total asset turnover | 1.25 | 1.20 | 1.17 | 1.16 | 1.26 | 1.26 | 1.35 | 1.32 | 1.26 | 1.26 | 1.20 | 1.17 | 1.20 | 1.17 | 1.14 | 1.17 | 1.21 | 1.30 | 1.38 | 1.41 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,305,100K ÷ $1,043,600K
= 1.25
Total asset turnover is a financial ratio that indicates how efficiently a company is utilizing its assets to generate sales revenue. In the case of Astec Industries Inc, the total asset turnover has fluctuated over the past few years. It stood at 1.41 on March 31, 2020, and gradually declined to 1.17 by March 31, 2022. There was a slight increase in the ratio to 1.35 on June 30, 2023, but it dropped again to 1.16 by March 31, 2024.
A total asset turnover ratio below 1 indicates that the company is not effectively using its assets to generate sales. On the other hand, a ratio above 1 suggests that the company is efficiently utilizing its assets to generate revenue. Astec Industries Inc generally maintained a total asset turnover ratio above 1 during the period analyzed, indicating reasonable efficiency in asset utilization.
However, the fluctuations in the total asset turnover ratio over the years may call for a closer examination of the company's asset management practices and sales generation strategies to ensure sustained efficiency in utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2024