Armstrong World Industries Inc (AWI)
Total asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,400 | 1,338,600 | 1,263,600 | 1,247,800 | 1,275,800 | 1,255,300 | 1,254,300 | 1,230,300 | 1,201,100 | 1,169,200 | 1,128,400 | 1,097,100 | 1,040,000 | 994,100 | 917,000 | 912,800 | 958,000 | 983,200 | 1,048,400 | 1,038,100 |
| Total assets | US$ in thousands | 1,842,700 | 1,804,000 | 1,691,500 | 1,672,400 | 1,713,800 | 1,712,300 | 1,687,900 | 1,687,200 | 1,739,400 | 1,734,000 | 1,708,100 | 1,710,000 | 1,704,900 | 1,716,700 | 1,715,300 | 1,718,500 | 1,633,700 | 1,544,300 | 1,590,300 | 1,493,300 |
| Total asset turnover | 0.74 | 0.74 | 0.75 | 0.75 | 0.74 | 0.73 | 0.74 | 0.73 | 0.69 | 0.67 | 0.66 | 0.64 | 0.61 | 0.58 | 0.53 | 0.53 | 0.59 | 0.64 | 0.66 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,360,400K ÷ $1,842,700K
= 0.74
Armstrong World Industries Inc's total asset turnover has fluctuated over the past few years, indicating the company's efficiency in generating sales revenue from its total assets. The ratio has shown a general declining trend from 2019 to 2021, dropping from 0.70 to 0.53 in December 2020. This decline suggests a decrease in the company's ability to utilize its assets to generate sales during this period. However, from 2022 onwards, there has been a gradual improvement in the total asset turnover, reaching 0.74 in December 2024. This uptrend indicates that Armstrong World Industries Inc has been more effective in utilizing its assets to generate revenue in recent years. Overall, a higher total asset turnover ratio signifies better efficiency in asset utilization and revenue generation for the company.
Peer comparison
Dec 31, 2024