Armstrong World Industries Inc (AWI)
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 | 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 | 987,800 | 973,000 | 949,300 |
| Total assets | US$ in thousands | 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 | 1,509,700 | 1,890,000 | 1,942,600 |
| Total asset turnover | 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 | 0.65 | 0.51 | 0.49 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,247,800K ÷ $1,672,400K
= 0.75
The total asset turnover of Armstrong World Industries Inc. has been relatively stable over the past eight quarters, ranging from 0.67 to 0.77. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio suggests that the company is using its assets more efficiently to generate sales.
Armstrong World Industries Inc. has shown a positive trend in total asset turnover over the past two years, with a gradual increase from 0.67 in Q1 2022 to 0.77 in Q4 2023. This improvement signifies that the company has been able to generate more revenue for each dollar of assets it holds.
Overall, Armstrong World Industries Inc. appears to be effectively managing its assets and generating revenue efficiently. The increasing trend in the total asset turnover ratio reflects positively on the company's operational efficiency and potential for future growth. It is essential for investors and analysts to continue monitoring this ratio to assess the company's ability to utilize its assets effectively in driving sales and profitability.
Peer comparison
Dec 31, 2023