Barnes Group Inc (B)
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 | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Total assets | US$ in thousands | 3,308,010 | 3,277,330 | 2,440,680 | 2,444,370 | 2,413,700 | 2,311,050 | 2,401,100 | 2,555,360 | 2,576,800 | 2,586,590 | 2,626,870 | 2,600,260 | 2,676,200 | 2,610,120 | 2,588,500 | 2,667,600 | 2,738,300 | 2,707,910 | 2,795,240 | 2,799,680 |
| Total asset turnover | 0.42 | 0.40 | 0.53 | 0.52 | 0.52 | 0.54 | 0.52 | 0.49 | 0.48 | 0.47 | 0.44 | 0.41 | 0.41 | 0.45 | 0.50 | 0.53 | 0.67 | 0.69 | 0.80 | 0.93 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,388,400K ÷ $3,308,010K
= 0.42
Barnes Group Inc.'s total asset turnover ratio fluctuated over the past eight quarters, ranging from a low of 0.41 to a high of 0.54. The ratio indicates the company's efficiency in generating sales revenue relative to its total assets. A total asset turnover ratio of less than 1 suggests that Barnes Group Inc. is not effectively utilizing its assets to generate revenue.
The trend in the total asset turnover ratio shows some variability but generally hovers around 0.50 to 0.54, with a few quarters deviating slightly from this range. This suggests that Barnes Group Inc. may be experiencing fluctuations in its revenue generation efficiency. A higher total asset turnover ratio would indicate that the company is more efficient in utilizing its assets to generate sales.
Overall, Barnes Group Inc. should aim to consistently improve its total asset turnover ratio to enhance its operational efficiency and maximize its revenue generation from its asset base. An in-depth analysis of the company's operating efficiency and asset utilization strategies could provide further insights into potential areas for improvement.
Peer comparison
Dec 31, 2023