American Axle & Manufacturing (AXL)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 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
Revenue (ttm)	US$ in thousands	6,124,900	6,207,100	6,254,100	6,192,500	6,079,500	6,009,200	5,992,500	5,860,100	5,802,400	5,644,800	5,322,700	5,167,700	5,156,600	5,359,400	5,560,400	4,792,400	4,710,800	4,702,900	4,966,200	6,155,200
Total assets	US$ in thousands	5,059,900	5,328,300	5,336,700	5,371,100	5,356,300	5,475,000	5,507,400	5,452,900	5,469,400	5,679,600	5,768,700	5,725,000	5,635,700	5,642,500	5,844,900	5,936,900	5,916,300	5,942,100	6,055,000	6,186,700
Total asset turnover		1.21	1.16	1.17	1.15	1.14	1.10	1.09	1.07	1.06	0.99	0.92	0.90	0.91	0.95	0.95	0.81	0.80	0.79	0.82	0.99

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,124,900K ÷ $5,059,900K
= 1.21

American Axle & Manufacturing's total asset turnover has shown some fluctuations over the past few years. The ratio, which indicates how effectively the company is utilizing its assets to generate revenue, started at 0.99 on March 31, 2020, then experienced a decline to 0.79 by September 30, 2020. However, there was a slight recovery to 0.95 by June 30, 2021, and maintained this level for the following quarter.

By the end of December 31, 2022, the total asset turnover had improved to 1.06, indicating that the company was generating more revenue relative to its assets. This positive trend continued into the following quarters, reaching 1.21 by December 31, 2024. Overall, the increasing trend in total asset turnover suggests that American Axle & Manufacturing has been effectively utilizing its assets to drive revenue growth over the analyzed period.