Allegheny Technologies Incorporated (ATI)
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 | 4,362,100 | 5,111,700 | 5,917,100 | 5,867,800 | 5,863,000 | 4,951,100 | 4,126,500 | 4,040,000 | 3,836,000 | 3,591,000 | 3,284,700 | 2,941,400 | 2,799,800 | 2,692,700 | 2,565,000 | 2,719,100 | 2,982,100 | 3,342,400 | 3,763,100 | 4,073,200 |
| Total assets | US$ in thousands | 5,230,600 | 5,065,800 | 4,921,400 | 4,782,100 | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 |
| Total asset turnover | 0.83 | 1.01 | 1.20 | 1.23 | 1.18 | 1.05 | 0.93 | 0.94 | 0.86 | 0.84 | 0.78 | 0.69 | 0.65 | 0.58 | 0.65 | 0.67 | 0.74 | 0.66 | 0.73 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,362,100K ÷ $5,230,600K
= 0.83
The total asset turnover of Allegheny Technologies Incorporated has shown a fluctuating trend over the analyzed period. Starting at 0.70 in March 2020, it increased to 0.74 by December 2020, indicating that the company was generating $0.74 in sales for every dollar of assets it owned. However, the ratio decreased to 0.58 by September 2021, suggesting a decline in efficiency in utilizing its assets to generate revenue.
Subsequently, there was a gradual improvement in total asset turnover, reaching a peak of 1.23 by March 2024, indicating a significant enhancement in the company's asset utilization efficiency. This increase implies that Allegheny Technologies became more effective in generating sales revenue per dollar of assets owned during this period.
Overall, the upward trend in total asset turnover from September 2021 to March 2024 indicates that Allegheny Technologies Incorporated became more efficient in utilizing its assets to drive sales growth, reflecting positively on its operational performance and potentially signaling improved financial health.