AptarGroup Inc (ATR)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,487,450 | 3,444,884 | 3,388,747 | 3,337,384 | 3,322,249 | 3,340,328 | 3,328,910 | 3,295,399 | 3,227,221 | 3,162,557 | 3,096,268 | 2,984,541 | 2,929,340 | 2,851,344 | 2,793,469 | 2,836,825 | 2,859,732 | 2,873,427 | 2,837,924 | 2,805,871 |
| Total assets | US$ in thousands | 4,451,890 | 4,298,220 | 4,347,710 | 4,302,800 | 4,203,460 | 4,026,470 | 4,258,110 | 4,407,450 | 4,141,360 | 4,131,480 | 4,110,100 | 3,992,640 | 3,990,050 | 3,861,750 | 3,814,020 | 3,776,550 | 3,562,120 | 3,465,140 | 3,588,720 | 3,415,630 |
| Total asset turnover | 0.78 | 0.80 | 0.78 | 0.78 | 0.79 | 0.83 | 0.78 | 0.75 | 0.78 | 0.77 | 0.75 | 0.75 | 0.73 | 0.74 | 0.73 | 0.75 | 0.80 | 0.83 | 0.79 | 0.82 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,487,450K ÷ $4,451,890K
= 0.78
The total asset turnover for Aptargroup Inc. has ranged from 0.75 to 0.83 over the past eight quarters. Generally, a higher total asset turnover indicates that the company is generating more revenue for each dollar invested in assets, reflecting efficiency in asset utilization.
Aptargroup Inc. has maintained a relatively consistent total asset turnover around the 0.78 to 0.80 range in recent quarters, signaling a stable level of asset utilization. However, there was a slight decline in Q1 2022 to 0.75 and a peak in Q3 2022 at 0.83, suggesting fluctuations in the company's ability to generate sales from its assets during those periods.
Overall, Aptargroup Inc. appears to be effectively managing its assets to generate revenue, although there may be opportunities for further improvement in optimizing asset turnover efficiency. Additional analysis of the company's operating performance and industry benchmarks can provide a more in-depth perspective on the efficiency of Aptargroup Inc.'s asset utilization.
Peer comparison
Dec 31, 2023