Armstrong World Industries Inc (AWI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,247,800 | 1,230,300 | 1,097,100 | 912,800 | 1,035,400 |
| Total assets | US$ in thousands | 1,672,400 | 1,687,200 | 1,710,000 | 1,718,500 | 1,493,300 |
| Total asset turnover | 0.75 | 0.73 | 0.64 | 0.53 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,247,800K ÷ $1,672,400K
= 0.75
Armstrong World Industries Inc.'s total asset turnover has exhibited fluctuating trends over the past five years. The firm's ability to generate sales from its total assets improved from 2020 to 2021 before experiencing a decline in 2022. However, there was a notable increase in total asset turnover in 2023 compared to the previous year, reaching 0.77. This indicates that the company generated $0.77 in sales for every dollar of total assets during 2023. Overall, the recent improvement in total asset turnover suggests a more efficient utilization of the company's assets to drive sales, reflecting positively on Armstrong World Industries Inc.'s operational performance in the latest period.
Peer comparison
Dec 31, 2023