AptarGroup Inc (ATR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,582,890 | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 |
| Total assets | US$ in thousands | 4,432,280 | 4,451,890 | 4,203,460 | 4,141,360 | 3,990,050 |
| Total asset turnover | 0.81 | 0.78 | 0.79 | 0.78 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,582,890K ÷ $4,432,280K
= 0.81
Total asset turnover measures the efficiency of a company in generating sales revenue from its total assets. In the case of AptarGroup Inc, there has been a slight improvement in total asset turnover over the past five years.
As of December 31, 2020, the total asset turnover ratio was 0.73, indicating that the company generated $0.73 in sales for every $1 of total assets. This ratio increased to 0.78 by December 31, 2021, suggesting a better utilization of assets to generate sales.
The trend continued to improve with ratios of 0.79 on December 31, 2022, and 0.78 on December 31, 2023. By December 31, 2024, the total asset turnover ratio further increased to 0.81, indicating that AptarGroup Inc became more efficient in converting its assets into revenue.
Overall, the increasing trend in total asset turnover for AptarGroup Inc reflects the company's ability to generate more sales relative to its total asset base over the years, which can be a positive indicator of operational efficiency and effective asset utilization.
Peer comparison
Dec 31, 2024