Allegheny Technologies Incorporated (ATI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,362,100 | 7,544,800 | 3,836,000 | 2,799,800 | 2,982,100 |
| Total assets | US$ in thousands | 5,230,600 | 4,985,100 | 4,445,600 | 4,285,200 | 4,034,900 |
| Total asset turnover | 0.83 | 1.51 | 0.86 | 0.65 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,362,100K ÷ $5,230,600K
= 0.83
Total asset turnover is a measure of a company's efficiency in generating revenue from its assets. Allegheny Technologies Incorporated's total asset turnover has fluctuated over the past five years. In December 31, 2020, the total asset turnover was 0.74, indicating that the company generated $0.74 of revenue for every dollar of assets. However, by December 31, 2021, the total asset turnover decreased to 0.65, suggesting a decline in efficiency in utilizing assets to generate revenue.
In the following year, by December 31, 2022, the total asset turnover improved to 0.86, reflecting a better utilization of assets to generate revenue. Subsequently, in December 31, 2023, the total asset turnover significantly increased to 1.51, indicating a substantial improvement in efficiency in generating revenue from the company's assets.
However, by December 31, 2024, the total asset turnover decreased to 0.83, showing a slight decline in efficiency compared to the previous year. Overall, fluctuations in Allegheny Technologies Incorporated's total asset turnover highlight varying levels of efficiency in utilizing assets to generate revenue over the analyzed period.