Balchem Corporation (BCPC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 953,684 | 922,439 | 942,358 | 799,023 | 703,644 |
| Total assets | US$ in thousands | 1,575,370 | 1,597,210 | 1,624,510 | 1,199,320 | 1,165,840 |
| Total asset turnover | 0.61 | 0.58 | 0.58 | 0.67 | 0.60 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $953,684K ÷ $1,575,370K
= 0.61
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. In the case of Balchem Corporation, the total asset turnover has shown some fluctuation over the past five years.
Starting at 0.60 in December 31, 2020, the total asset turnover increased to 0.67 by December 31, 2021, indicating that the company was able to generate more sales revenue relative to its total assets. However, in the following years, the total asset turnover decreased to 0.58 by December 31, 2022 and remained the same at 0.58 by December 31, 2023, which suggests a potential decrease in the efficiency of asset utilization for generating revenue.
By December 31, 2024, the total asset turnover slightly improved to 0.61, showing a small recovery in the company's ability to generate sales revenue from its total assets. Overall, fluctuations in the total asset turnover ratio for Balchem Corporation should be further analyzed to understand the underlying reasons and implications for the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024